scholarly journals Closed Product Life Cycle as a Basis of the Circular Economy

2021 ◽  
Vol 5 (4) ◽  
pp. 36-50
Author(s):  
Maria Vetrova ◽  
Dinara Ivanova
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Supply Chains ◽  
Circular Economy ◽  
Product Life Cycle ◽  
Digital Technologies ◽  
Economic Feasibility ◽  
Decision Support Model ◽  
Product Life ◽  
The Impact

Objective – The circular economy aims to preserve the value of products and materials within a closed supply chain. The existing models and decision-making methods for managing the end of the product life cycle are mostly focused on the economic aspects. While the circular economy is aimed at combining environmental, economic and social goals. This article aims to develop a model for enterprise decision-making on the disposal of used products, taking into account socio-environmental and economic factors. Methodology/Technique – The article analyzes the impact of digital technologies on the formation of closed supply chains and the development of a circular economy. At the same time, special attention is focused on the model of a closed product life cycle, as a fundamental element in the formation of a circular economy at the micro and nano levels, as well as the importance of using digital technologies at all stages of the product life cycle. Findings –The methods of product management at the end of the life cycle studied in the article have made it possible to form a simulation decision support model regarding the method of product disposal, taking into account environmental and economic feasibility. Novelty – This study identified the main trends in the development of closed supply chains under the influence of digital technologies in the context of a circular economy. Type of Paper: Review JEL Classification: F42, F43 Keywords: Circular Economy; Digital Technology; Decision-making Model; Closed-loop Supply Chains Reference to this paper should be made as follows: Vetrova, M; Ivanova, D. (2021). Closed Product Life Cycle as a Basis of the Circular Economy, Journal of Business and Economics Review, 5(4) 36–50. https://doi.org/10.35609/jber.2021.5.4(4)

Product Life Cycle Energy Consumption Analysis Method Considering Remanufacturing

2011 ◽  
Vol 55-57 ◽  
pp. 729-736 ◽  
Author(s):  
Tao Liu ◽  
Hai Hong Huang ◽  
Zhi Feng Liu ◽  
Guang Fu Liu
Keyword(s):  
Life Cycle ◽  
Energy Consumption ◽  
Product Life Cycle ◽  
Analysis Method ◽  
Product Life ◽  
Scheme Optimization ◽  
Energy Consumption Analysis ◽  
Energy Consumption Model ◽  
Consumption Model ◽  
The Impact

The product life cycle energy consumption model was established considering the impact of remanufacturing on the product lifecycle, and the energy consumption quantitative method was given. In order to optimize the life of a product, a method to calculate its life cycle critical point was proposed. The energy consumption model was applied to two types of gearboxes, new and remanufactured, to compare their life cycle energy, and the energy-saving design scheme optimization was achieved.

Procurement Approaches in Different Supply Chains

2013 ◽  
Vol 436 ◽  
pp. 551-556
Author(s):  
Stefan Pap ◽  
Liviu Morar
Keyword(s):  
Supply Chain ◽  
Life Cycle ◽  
Supply Chains ◽  
Product Life Cycle ◽  
Point Of View ◽  
Complex Environment ◽  
Supplier Relationships ◽  
Product Life ◽  
Supply Chain Efficiency ◽  
The Cost

From a purchasing point of view, it can be argued that in order for a supply chain to be efficient the cost of purchasing must be balanced with risk pertaining to the supply market and the purchased product. To decide on the appropriate forms of supplier relationships today, we argue that there are three main dimensions to be considered: A more complex environment. Supply chain efficiency. Product life cycle.

scholarly journals THE IMPACT OF PRODUCT LIFE CYCLE TECHNIQUE IN REDUCING COSTS AND ACHIEVING SUSTAINABLE DEVELOPMENT GOALS, A CASE STUDY IN THE RUSTAN STEEL STRUCTURE PRODUCTION COMPANY IN ERBIL

2021 ◽  
Vol 03 (07) ◽  
pp. 314-328
Author(s):  
Ghazi Abdulazeez SULAIMAN BAG ◽  
Rafiq Faraj MAHMOOD
Keyword(s):  
Corporate Governance ◽  
Life Cycle ◽  
Life Cycle Cost ◽  
Product Life Cycle ◽  
Steel Structures ◽  
Product Life ◽  
Technical Requirements ◽  
The Cost ◽  
The Impact

This research was - case study in Rstin company for the steel structures in Erbil- addressed the cost technique of product life cycle, as discussed the kinds, relevance and the stages of the life cycle of the product, also it referred to the corporate governance of discussing its inception the concept and importance of the principles, objectives, and mechanisms was addressed to the technical aspects of the overlap between the cost of the product life cycle corporate governance and show the appropriate techniques used in each stage of the life cycle of the product and how it achieved by a reduction of costs. The result of this study indicates that the integration between the product life cycle cost and corporate governance works on reduce costs through the various stages of product life cycle. It also concluded that this integration increases the company ability to compete in market which leads to rise in its market share and eventually lead to maximize the profit which has been achieved through the optimal use of a company available resources. It also found that the techniques of life cycle cost of the product cannot be applied without support of the company directors, throughout the technical requirements of the application. Corporate governance ensures directors of the company to utilize firm resources which makes the company to achieve several stakeholders' objectives.

scholarly journals HOW CAN INFORMATION AND COMMUNICATIONS TECHNOLOGY SUPPORT THE LINK BETWEEN CIRCULAR ECONOMY AND PRODUCT LIFE CYCLE MANAGEMENT? – A REVIEW

2020 ◽  
Vol 1 ◽  
pp. 2187-2196
Author(s):  
C. Villamil Velasquez ◽  
N. Salehi ◽  
S. I. Hallstedt
Keyword(s):  
Life Cycle ◽  
Circular Economy ◽  
Product Life Cycle ◽  
Life Cycle Management ◽  
Resource Scarcity ◽  
Information And Communications Technology ◽  
System Perspective ◽  
Product Life ◽  
Product Life Cycle Management ◽  
Whole Life Cycle

AbstractLinear production is related to resource scarcity and negative environmental impacts. Circular Economy (CE) emerged for society transition towards sustainability, based on regenerative systems and multiple life cycle products. Product Life cycle Management (PLM) supports the whole life cycle with the aid of Information and Communication Technology (ICT). A literature review analyzed the role of ICT enabling CE based on PLM, identifying challenges and opportunities, active and passive PLM, system perspective, stakeholder's role, and sustainability. Concluding that ICT enables the CE transition.

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