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Theoretical and Practical Approaches of Circular Economy for Business Models and Technological Solutions

Theoretical and Practical Approaches of Circular Economy for Business Models and Technological Solutions


Title: Theoretical and Practical Approaches of Circular Economy for Business Models and Technological Solutions
Author: Fogarassy, Csaba
Finger, David
Date: 2020-06-22
Language: English
Scope: 76
University/Institute: Háskólinn í Reykjavík
Reykjavik University
School: Tæknisvið (HR)
School of Technology (RU)
Department: Verkfræðideild (HR)
Department of Engineering (RU)
Series: Resources;9(6)
ISSN: 2079-9276 (eISSN)
DOI: 10.3390/resources9060076
Subject: Circular solution; Environmental assessment; Product lifecycle; Sharing economy; Short supply chain; Biomass utilisation; Umhverfismat; Framleiðsluhagfræði; Deilihagkerfi; Grænt hagkerfi; Lífmassi
URI: https://hdl.handle.net/20.500.11815/2461

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Citation:

Fogarassy, C., & Finger, D. (2020). Theoretical and Practical Approaches of Circular Economy for Business Models and Technological Solutions. Resources-Basel, 9(6), 76. https://doi.org/10.3390/resources9060076

Abstract:

Circular solutions are essential to tackle the imminent challenges of depleting resources and emerging environmental problems. The complex nature of material and energy systems and the changing economic and technological conditions depend on regional settings and accordingly result differently in developed and rapidly developing countries of the world. A wide variety of theoretical approaches can be used to facilitate a shift from the linear use of resources to circular systems, e.g., circular product planning, zero waste management, service-based repairing, refurbishing, and remanufacturing, to name just a few. The introduction and examination of circular solutions can be based on theoretical models in order to guarantee and ensure a successful application. The successful application of innovative technology approaches, business solutions, and organizational development can be facilitated through theoretical models and new scientific results that support innovation processes. The presented article focuses on sustainable and innovative methods that help and enable the proper use and recovery of resources.

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This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution(CC BY) license (http://creativecommons.org/licenses/by/4.0

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