Modelling of sharing networks in the circular economy

Jaivignesh Jayakumar · Jayakrishna Kandasamy · K. E. K. Vimal · Sawarni Hasibuan

31 citations0/0 files storedJournal of Modelling in Management

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Sustainable Supply Chain Management Supply Chain and Inventory Management Sharing Economy and Platforms

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. Research limitations/implications This study will aid similarly structured companies in adopting this approach to integrate sustainable practices in their production system. It also enumerated Industry 4.0 (I4.0) use-cases that can be used to effectively implement this mathematical model. Further research can be conducted using multiple companies in an inter-dependent network to maximize synergy. Practical implications This study will help to better understand the role of sharing networks in the circular economy model especially in the consumer electronics industry. 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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References

2015Towards circular economy implementation: a comprehensive review in context of manufacturing industry 2004Closed-Loop Supply Chain Models with Product Remanufacturing 2015Sustainable supply chain management and the transition towards a circular economy: Evidence and some applications 2015Collaborative consumption: determinants of satisfaction and the likelihood of using a sharing economy option again 1999Designing the green supply chain 2018Industry 4.0 and the circular economy: a proposed research agenda and original roadmap for sustainable operations 2001Contracting to Assure Supply: How to Share Demand Forecasts in a Supply Chain 2017Barriers to the Circular Economy – Integration of Perspectives and Domains

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2021Nexus of circular economy and sustainable business performance in the era of digitalization

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