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Mathematics of the Circular Economics: A Case Study for the MENA Region

Mathematics of the Circular Economics: A Case Study for the MENA Region

Nima Norouzi
Copyright: © 2022 |Pages: 23
ISBN13: 9781668451090|ISBN10: 1668451093|EISBN13: 9781668451106
DOI: 10.4018/978-1-6684-5109-0.ch007
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MLA

Norouzi, Nima. "Mathematics of the Circular Economics: A Case Study for the MENA Region." Handbook of Research on Building Inclusive Global Knowledge Societies for Sustainable Development, edited by Cristina Raluca Gh. Popescu, IGI Global, 2022, pp. 143-165. https://doi.org/10.4018/978-1-6684-5109-0.ch007

APA

Norouzi, N. (2022). Mathematics of the Circular Economics: A Case Study for the MENA Region. In C. Popescu (Ed.), Handbook of Research on Building Inclusive Global Knowledge Societies for Sustainable Development (pp. 143-165). IGI Global. https://doi.org/10.4018/978-1-6684-5109-0.ch007

Chicago

Norouzi, Nima. "Mathematics of the Circular Economics: A Case Study for the MENA Region." In Handbook of Research on Building Inclusive Global Knowledge Societies for Sustainable Development, edited by Cristina Raluca Gh. Popescu, 143-165. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-6684-5109-0.ch007

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Abstract

Based on the findings of economic studies on the consequences of industrialization in emerging economies, this study aims to evaluate rotational economy processes in the Middle East and North Africa (MENA) using a Shannon entropy algorithm. An entropy-based analysis was performed for 19 MENA countries in the period 2000-2020. The modeling process involves constructing a hybrid index that consists of a weighted sum of all the indices developed by an algorithm based on Shannon's entropy. The weight assigned to each index in the analysis measures the importance of each index involved in developing the composite index. The results are similar to the international balancing, which combines and confirms the precision and reliability of this method.

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