| Title | Modelling of sharing networks in the circular economy |
|---|---|
| ID_Doc | 2645 |
| Authors | Jayakumar, J; Jayakrishna, K; Vimal, KEK; Hasibuan, S |
| Title | Modelling of sharing networks in the circular economy |
| Year | 2020 |
| Published | Journal Of Modelling In Management, 15, 2 |
| Abstract | Purpose The 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/approach This 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. Findings This 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. Originality/value This 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. |
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