Circular economy models: Opportunities and threats for asset management

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    17 Citations (Scopus)

    Abstract

    Companies increasingly focus on their long-term sustainability and ecological footprint. Circular economy models are a step towards more sustainable business in networked companies. Majority of business and operating models contain elements of circular economy. These models have implications for the asset management strategies, processes and practices in companies. They create new kinds of opportunities and threats and enable new asset management related innovations. In this paper, the general archetypes of circular economy models are presented. Two assessment frameworks are utilized to identify the different types of models. The circular economy models are analyzed from the asset management perspective. Opportunities and threats produced by the circular economy models for asset management were identified.
    Original languageEnglish
    Title of host publicationScAIEM2016, 4th Nordic Conference on Industrial Engineering and Management
    PublisherLuleå University of Technology
    Publication statusPublished - 2016
    MoE publication typeA4 Article in a conference publication
    EventMaintenance Performance Measurement and Management Conference - Luleå Tekniska Universitet, Luleå, Sweden
    Duration: 28 Nov 201628 Nov 2016

    Conference

    ConferenceMaintenance Performance Measurement and Management Conference
    Abbreviated titleMPMM
    CountrySweden
    CityLuleå
    Period28/11/1628/11/16

    Fingerprint

    Circular economy
    Threat
    Asset management
    Sustainability
    Innovation
    Sustainable business
    Ecological footprint
    Management strategy
    Archetypes
    Strategy process

    Keywords

    • asset management
    • circular economy
    • threats
    • opportunities

    Cite this

    Hanski, J., Valkokari, P., Kortelainen, H., & Ahonen, T. (2016). Circular economy models: Opportunities and threats for asset management. In ScAIEM2016, 4th Nordic Conference on Industrial Engineering and Management Luleå University of Technology.
    Hanski, Jyri ; Valkokari, Pasi ; Kortelainen, Helena ; Ahonen, Toni. / Circular economy models : Opportunities and threats for asset management. ScAIEM2016, 4th Nordic Conference on Industrial Engineering and Management. Luleå University of Technology, 2016.
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    title = "Circular economy models: Opportunities and threats for asset management",
    abstract = "Companies increasingly focus on their long-term sustainability and ecological footprint. Circular economy models are a step towards more sustainable business in networked companies. Majority of business and operating models contain elements of circular economy. These models have implications for the asset management strategies, processes and practices in companies. They create new kinds of opportunities and threats and enable new asset management related innovations. In this paper, the general archetypes of circular economy models are presented. Two assessment frameworks are utilized to identify the different types of models. The circular economy models are analyzed from the asset management perspective. Opportunities and threats produced by the circular economy models for asset management were identified.",
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    author = "Jyri Hanski and Pasi Valkokari and Helena Kortelainen and Toni Ahonen",
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    Hanski, J, Valkokari, P, Kortelainen, H & Ahonen, T 2016, Circular economy models: Opportunities and threats for asset management. in ScAIEM2016, 4th Nordic Conference on Industrial Engineering and Management. Luleå University of Technology, Maintenance Performance Measurement and Management Conference, Luleå, Sweden, 28/11/16.

    Circular economy models : Opportunities and threats for asset management. / Hanski, Jyri; Valkokari, Pasi; Kortelainen, Helena; Ahonen, Toni.

    ScAIEM2016, 4th Nordic Conference on Industrial Engineering and Management. Luleå University of Technology, 2016.

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    TY - GEN

    T1 - Circular economy models

    T2 - Opportunities and threats for asset management

    AU - Hanski, Jyri

    AU - Valkokari, Pasi

    AU - Kortelainen, Helena

    AU - Ahonen, Toni

    PY - 2016

    Y1 - 2016

    N2 - Companies increasingly focus on their long-term sustainability and ecological footprint. Circular economy models are a step towards more sustainable business in networked companies. Majority of business and operating models contain elements of circular economy. These models have implications for the asset management strategies, processes and practices in companies. They create new kinds of opportunities and threats and enable new asset management related innovations. In this paper, the general archetypes of circular economy models are presented. Two assessment frameworks are utilized to identify the different types of models. The circular economy models are analyzed from the asset management perspective. Opportunities and threats produced by the circular economy models for asset management were identified.

    AB - Companies increasingly focus on their long-term sustainability and ecological footprint. Circular economy models are a step towards more sustainable business in networked companies. Majority of business and operating models contain elements of circular economy. These models have implications for the asset management strategies, processes and practices in companies. They create new kinds of opportunities and threats and enable new asset management related innovations. In this paper, the general archetypes of circular economy models are presented. Two assessment frameworks are utilized to identify the different types of models. The circular economy models are analyzed from the asset management perspective. Opportunities and threats produced by the circular economy models for asset management were identified.

    KW - asset management

    KW - circular economy

    KW - threats

    KW - opportunities

    M3 - Conference article in proceedings

    BT - ScAIEM2016, 4th Nordic Conference on Industrial Engineering and Management

    PB - Luleå University of Technology

    ER -

    Hanski J, Valkokari P, Kortelainen H, Ahonen T. Circular economy models: Opportunities and threats for asset management. In ScAIEM2016, 4th Nordic Conference on Industrial Engineering and Management. Luleå University of Technology. 2016