Center for Circular Economy Skills

Life cycle assessment (LCA) is a methodology for assessing environmental impacts associated with all the stages of the life cycle of a commercial product, process, or service.

This also include the social-LCA (S-LCA) and dynamic-LCA (dLCA).

Techno-economic assessment (TEA) is a method of analyzing the economic performance of an industrial process, product, or service. 

It estimate capital cost, operating cost, and revenue based on technical and financial input parameters.

Input-output analysis (I-O) is a type of macroeconomic study that considers the interdependencies of various economic sectors or industries. 

It estimate the consequences of positive and negative shocks, as well as to analyze the ripple effects across an economy.

Material flow analysis (MFA), also referred to as substance flow analysis (SFA), is an analytical method to quantify flows and stocks of materials or substances in a well-defined system. 

MFA is an important tool to study the circular economy and to devise material flow management.

Engineering-performance modelling analysis the technical accomplishments of the proposed circular economy solution against the set targets during project execution. 

It measures circular system performance as per the applicable standards to critical infrastructure sectors.

Circular Analytics is a online-offline web analytics service that will be offered by HICCER to provide informed decision on circular economy practices for the industries. 

HICCER is currently working on this tool and the details will be announced at the earliest.

Socially conscious investors utilize environmental, social, and governance (ESG) criteria to analyze possible investments. Environmental criteria take into account how well a corporation manages the environment. Social criteria look at how it interacts with employees, suppliers, customers, and the communities in which business operates. The leadership of a corporation, remuneration, audits, internal controls, and shareholder rights are all topics covered under governance.

Network analysis (NA) is a set of integrated techniques to depict relations among actors and to analyze the social structures that emerge from the recurrence of these relations. 

The basic assumption is that better explanations of  phenomena are yielded by analysis of the relations among entities.

An agent-based model is a computational model for simulating the actions and interactions of autonomous agents in order to understand the behavior of a system and what governs its outcomes.

It combines elements of game theory, complex systems, emergence, computational sociology, multi-agent systems, and evolutionary programming. Monte Carlo methods are used to understand the stochasticity of these models.

A material passport is a document consisting of all the materials that are included in a product or construction. 

It consist of a set of data describing defined characteristics of materials in products, which give them value for recovery, recycling and re-use.

Optimization methods are used in many areas of study to find solutions that maximize or minimize some study parameters, such as minimize costs in the production of a good or service, maximize profits, minimize raw material in the development of a good, or maximize production.

Process modeling is a computer modeling technique used in designing the circular systems. It typically involves using purpose-built software to define a system of interconnected components, which are then solved so that the steady-state/dynamic behavior of the system can be predicted.