| 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 |
| DOI |
10.1108/JM2-05-2019-0101 |
| 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. |
| Author Keywords |
Circular economy; Sharing networks; Sustainable production; Multi objective mixed-integer linear programming; Network design; Industry 4; 0; Optimization; Modelling; Sensitivity; Circular economy |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Emerging Sources Citation Index (ESCI) |
| EID |
WOS:000511995600001 |
| WoS Category |
Management |
| Research Area |
Business & Economics |
| PDF |
|