Evaluation of Hyperloop Technology Project Maturity Through System Dynamics: Modelling and Simulation

This paper introduces eight stock-and-flow models to assess project maturity in the Hyperloop technology domain, based on multivariate technical, social, and financial criteria. Four scenarios are simulated: rapid decline, gradual decline, rapid growth, and sustainable growth. An interactive dashboard has been developed to visualise the simulation results and provide public access to the models. The primary users of these models are project decision-makers and industry analysts. The core research methodology utilised is system dynamics modelling, which captures the challenging dynamics of multi-loop systems inherent in Hyperloop transportation projects. The results demonstrate the models' effectiveness in providing real-time insights into how various factors interact and affect project performance. The proposed models facilitate real-time evaluation of project maturity and offer a conceptual framework for analysing context-specific factors critical to successful project implementation. This research supports the European Green Deal and Digital Transformation 2030 strategies by contributing to the development of strategies for Hyperloop technology advancement – an EU Commission priority for Tourism and Sustainable Transportation, as set by the European Commission President on 18 September 2024.