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.
|Title of host publication||ScAIEM2016, 4th Nordic Conference on Industrial Engineering and Management|
|Publisher||Luleå University of Technology|
|Publication status||Published - 2016|
|MoE publication type||A4 Article in a conference publication|
|Event||Maintenance Performance Measurement and Management Conference - Luleå Tekniska Universitet, Luleå, Sweden|
Duration: 28 Nov 2016 → 28 Nov 2016
|Conference||Maintenance Performance Measurement and Management Conference|
|Period||28/11/16 → 28/11/16|
- asset management
- circular economy
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.