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Medientyp:
E-Artikel
Titel:
Modelling of sharing networks in the circular economy
Beteiligte:
Jayakumar, Jaivignesh;
K., Jayakrishna;
K.E.K., Vimal;
Hasibuan, Sawarni
Erschienen:
Emerald, 2020
Erschienen in:
Journal of Modelling in Management, 15 (2020) 2, Seite 407-440
Sprache:
Englisch
DOI:
10.1108/jm2-05-2019-0101
ISSN:
1746-5664
Entstehung:
Anmerkungen:
Beschreibung:
PurposeThe purpose of this paper is to develop and optimize a mathematical model based on a framework that integrates key concepts related to a circular economy (CE) and sharing economy (SE) for a leading manufacturer of laptops in India.Design/methodology/approachThis study mathematically modelled the integration of sharing networks in a circular production system. This is done through an optimization package that deploys a multi-objective mixed-integer linear programming model.FindingsThis study evaluated the economic benefit and the environmental impact associated with the aforementioned integration in a production system. This study illustrated the inverse relationship between economic benefit and environmental impact and provided a set of solutions that can be used according to the case organizations goals, capacities and logistical capabilities.Research limitations/implicationsThis study will aid similarly structured companies in adopting this approach to integrate sustainable practices in their production system. It also enumerated Industry 4.0 (I4.0) use-cases that can be used to effectively implement this mathematical model. Further research can be conducted using multiple companies in an inter-dependent network to maximize synergy.Practical implicationsThis study will help to better understand the role of sharing networks in the circular economy model especially in the consumer electronics industry.Originality/valueThis study is the first of its kind to mathematically model the integration of aspects related to SE and CE. It also validates the aforementioned model using a numerical case-study and offers decision-support to key executives within the case organization.