Impact of circular economy on asset management – lifecycle management perspective

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

Abstract

Sustainability of assets and processes is a major strategic focus area for many companies. To achieve the strategic goals of sustainability, several companies have begun to discuss how their businesses are supporting circular economy. Digital technologies and data are considered key enablers of circular economy. Circular economy solutions include e.g. minimizing the use of resources, closing re-source loops and improving durability and lifetimes of assets. This paper discusses the impact of circular economy on asset management. The focus is especially on the different representations of lifecycles in production systems. We discuss the challenges and opportunities related to generic, circular and hierarchic production system lifecycles. We present main points to be considered when developing circular economy solutions from the perspective of asset and lifecycle management.
Original languageEnglish
Title of host publicationProceedings of 13th World Congress on Engineering Asset Management, WCEAM 2018
Publication statusAccepted/In press - 25 Sep 2018
MoE publication typeNot Eligible
Event13th World Congress on Engineering Asset Management, WCEAM 2018 - Stavanger, Norway
Duration: 24 Sep 201826 Sep 2018

Conference

Conference13th World Congress on Engineering Asset Management, WCEAM 2018
Abbreviated titleWCEAM 2018
CountryNorway
CityStavanger
Period24/09/1826/09/18

Fingerprint

Circular economy
Life cycle management
Asset management
Assets
Life cycle
Sustainability
Resources
Durability
Strategic goals
Enablers
Digital technology

Keywords

  • Asset management
  • Circular economy

Cite this

Hanski, J., & Valkokari, P. (Accepted/In press). Impact of circular economy on asset management – lifecycle management perspective. In Proceedings of 13th World Congress on Engineering Asset Management, WCEAM 2018
Hanski, Jyri ; Valkokari, Pasi. / Impact of circular economy on asset management – lifecycle management perspective. Proceedings of 13th World Congress on Engineering Asset Management, WCEAM 2018. 2018.
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Hanski, J & Valkokari, P 2018, Impact of circular economy on asset management – lifecycle management perspective. in Proceedings of 13th World Congress on Engineering Asset Management, WCEAM 2018. 13th World Congress on Engineering Asset Management, WCEAM 2018, Stavanger, Norway, 24/09/18.

Impact of circular economy on asset management – lifecycle management perspective. / Hanski, Jyri; Valkokari, Pasi.

Proceedings of 13th World Congress on Engineering Asset Management, WCEAM 2018. 2018.

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

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Hanski J, Valkokari P. Impact of circular economy on asset management – lifecycle management perspective. In Proceedings of 13th World Congress on Engineering Asset Management, WCEAM 2018. 2018