Description
Circular economy is presented as an alternative to the current linear economic model with the ambition of contributing to the economic growth in addition to having a positive impact on the environment.Companies see opportunities in circular economy business models. It allows the capture of additional values from products and materials that are currently discarded as waste. However, challenges to shift their businesses and products into circular practices still exist.
In this work, we investigate the impacts of circular economy product labeling and its use in decision support. In particular, we build a production lot sizing mathematical model taking into account the circularity level of the product and we solve it analytically to determine the optimal parameters. The results illustrate the use of circularity indicators and demonstrate that making circular products can be justified financially from the company’s point of view.
| Period | 23 Jun 2019 → 26 Jun 2019 |
|---|---|
| Event title | 30th European Conference on Operational Research |
| Event type | Unknown |
| Degree of Recognition | International |