Circular economy models: Opportunities and threats for asset management

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

    21 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

    Keywords

    • asset management
    • circular economy
    • threats
    • opportunities

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