Embodied Resource Flows And Product Flows: Combining The Absorbing Markov Chain With The Input-Output Model
Source: Rensselaer Polytechnic Institute
The authors develop the Absorbing Markov Chain (AMC) for describing in detail the network of paths through an industrial system taken by an embodied resource from extraction through intermediate products and finally consumer products. They refer to this as a resource-specific network. This paper builds on a recent literature in industrial ecology that uses an AMC to quantify the number of times a resource passes through a recycling sector before ending up in a landfill.