Circular economy models: Opportunities and threats for asset management

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

15 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.
@inproceedings{af1b352c85484312b5604c668a16e7d1,
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.",
keywords = "asset management, circular economy, threats, opportunities",
author = "Jyri Hanski and Pasi Valkokari and Helena Kortelainen and Toni Ahonen",
year = "2016",
language = "English",
booktitle = "ScAIEM2016, 4th Nordic Conference on Industrial Engineering and Management",
publisher = "Lule{\aa} University of Technology",
address = "Sweden",

}

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