| Title |
Sustainable Eco Design In The Context Of Circular Economy In Romania |
| ID_Doc |
1513 |
| Authors |
Ambrus, R; Izvercian, M; Artene, A; Ivascu, L; Dogariu, E |
| Title |
Sustainable Eco Design In The Context Of Circular Economy In Romania |
| Year |
2018 |
| Published |
|
| DOI |
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| Abstract |
Purpose The aim of this paper is to identify the need of a different economic model on the background of price increasing in the raw material market. Economic entities can control its costs of production and maximize its profit while their processes, while improve their designs, improving supply chains and create an inverted supply chain process in order to reuse the materials contained in their own products. Redesigning classic business models can offers managers the skills necessary to generate profitability while taking into consideration the costs of production and distribution from logistics and inverted logistics right from the beginning of the production processes. The concept of circular economy means harmonizing the long-term sustainable development needs of humanity by optimizing resource consumption so as to scatter as little as possible and re-use it as much as possible. Methodology/approach Our research used empirical and statistic models. Our objective consists of a positive and constructive research to further deepening the researched field of circular economy system in Romania, relying on empirical and statistic models. Findings Sustainable eco design can help Romanian companies reuse or recycle their products. Determining direct and indirect costs regarding the production and distribution processes in the Romanian market, companies can decrees fix and variable costs and determine the required rate of return for the circular lifecycle of their own products Research limitations/implications Romanian companies missed important opportunities to improve the efficient use of resources by not implicating in the development of new sustainable design of products thus prolonging the lifecycle of their products, generating growth and jobs, which in turn would reduce greenhouse gas emissions and the Union's dependence on the issues imported raw materials. Practical implications Romanian must change the process of environmental permits stimulating private initiatives on waste management, an introduction of a waste traceability information system. Romania must develop and maintain active involvement of the producers or economic operators responsible for the education, awareness and involvement component. Originality/value Efficient use of resources and products within Romanian market and secondary reusable product markets leads to new growth opportunities, bringing net profits to Romanian businesses. Turning waste into resources or secondary raw materials is loop closure in future Romanian systems that will promote a circular sustainable business model. |
| Author Keywords |
circular eco design; circular economy; resources |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Conference Proceedings Citation Index - Social Science & Humanities (CPCI-SSH) |
| EID |
WOS:000471723700051 |
| WoS Category |
Management |
| Research Area |
Business & Economics |
| PDF |
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