Impact of maintenance on circular economy

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

Abstract

Novel business models that leverage the largely untapped potential of circular economy are gradually emerging in several industries. The widespread use of circular economy has implications for asset management in manufacturing industry, as they bring new challenges and opportunities for managing and maintaining machinery and equipment. The importance of asset management and maintenance for the circular economy is studied in the Tekes funded "Data to Wisdom" project. Circular economy can be defined as a system which creates value by minimizing waste, energy and the use of natural resources. It also utilises solutions that aim at slowing, closing and narrowing loops of material and energy. These solutions include, for instance, long-lasting design, design for easy disassembly and maintainability, maintenance actions such as repair and refurbishing, reuse, remanufacturing and recycling. In this paper, we analyse circular economy archetypes from the life cycle management perspective. This is done by comparing circular economy archetypes against the fundamentals of asset management. Opportunities and threats produced by the circular economy for asset management and maintenance are addressed with real cases presented in Sitra's list of the most interesting companies in the circular economy in Finland.
Original languageEnglish
Title of host publicationProceedings of the 2nd Annual SMACC Research Seminar 2017
EditorsJussi Aaltonen, Riikka Virkkunen, Kari T. Koskinen, Risto Kuivanen
PublisherTampere University of Technology
Pages20-23
ISBN (Print)978-952-15-4040-0
Publication statusPublished - 2017
MoE publication typeB3 Non-refereed article in conference proceedings
EventAnnual SMACC Research Seminar 2017 - Tampere, Finland
Duration: 7 Nov 20177 Nov 2017
Conference number: 2
http://smacc.fi

Seminar

SeminarAnnual SMACC Research Seminar 2017
CountryFinland
CityTampere
Period7/11/177/11/17
Internet address

Fingerprint

Asset management
Industry
Maintainability
Natural resources
Machinery
Recycling
Life cycle
Repair

Keywords

  • asset management
  • circular economy
  • overall equipment efficiency

Cite this

Valkokari, P., Hanski, J., & Ahonen, T. (2017). Impact of maintenance on circular economy. In J. Aaltonen, R. Virkkunen, K. T. Koskinen, & R. Kuivanen (Eds.), Proceedings of the 2nd Annual SMACC Research Seminar 2017 (pp. 20-23). Tampere University of Technology.
Valkokari, Pasi ; Hanski, Jyri ; Ahonen, Toni. / Impact of maintenance on circular economy. Proceedings of the 2nd Annual SMACC Research Seminar 2017. editor / Jussi Aaltonen ; Riikka Virkkunen ; Kari T. Koskinen ; Risto Kuivanen. Tampere University of Technology, 2017. pp. 20-23
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Valkokari, P, Hanski, J & Ahonen, T 2017, Impact of maintenance on circular economy. in J Aaltonen, R Virkkunen, KT Koskinen & R Kuivanen (eds), Proceedings of the 2nd Annual SMACC Research Seminar 2017. Tampere University of Technology, pp. 20-23, Annual SMACC Research Seminar 2017, Tampere, Finland, 7/11/17.

Impact of maintenance on circular economy. / Valkokari, Pasi; Hanski, Jyri; Ahonen, Toni.

Proceedings of the 2nd Annual SMACC Research Seminar 2017. ed. / Jussi Aaltonen; Riikka Virkkunen; Kari T. Koskinen; Risto Kuivanen. Tampere University of Technology, 2017. p. 20-23.

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

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AB - Novel business models that leverage the largely untapped potential of circular economy are gradually emerging in several industries. The widespread use of circular economy has implications for asset management in manufacturing industry, as they bring new challenges and opportunities for managing and maintaining machinery and equipment. The importance of asset management and maintenance for the circular economy is studied in the Tekes funded "Data to Wisdom" project. Circular economy can be defined as a system which creates value by minimizing waste, energy and the use of natural resources. It also utilises solutions that aim at slowing, closing and narrowing loops of material and energy. These solutions include, for instance, long-lasting design, design for easy disassembly and maintainability, maintenance actions such as repair and refurbishing, reuse, remanufacturing and recycling. In this paper, we analyse circular economy archetypes from the life cycle management perspective. This is done by comparing circular economy archetypes against the fundamentals of asset management. Opportunities and threats produced by the circular economy for asset management and maintenance are addressed with real cases presented in Sitra's list of the most interesting companies in the circular economy in Finland.

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Valkokari P, Hanski J, Ahonen T. Impact of maintenance on circular economy. In Aaltonen J, Virkkunen R, Koskinen KT, Kuivanen R, editors, Proceedings of the 2nd Annual SMACC Research Seminar 2017. Tampere University of Technology. 2017. p. 20-23