Year: 2017
Type: book-chapter
Abstract: Economically and environmentally it might be more responsible or even feasible to combine products and services to elongate product lifetime. Gispen, a major office furniture producer in the Netherlands, has embraced circular economic principles to create new business, extend product life time and improve the adaptability of their products. In the Use-it-Wisely (UIW) project two applications were developed. To estimate possible business impacts of adapting a circular economy concept for a company, a dynamic business model simulation has been created by using the system dynamics methodology. And second, Gispen has developed a new Circular Economy Design Framework to support circular product design development. A combination of basic principles to design, upgrade, and reuse products according to circular economy principles are included in the framework as well as a circular life cycle assessment methodology. The development process, non-confidential company results of the tool application and directions for future research are described in this chapter.
Source: Springer eBooks
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W2586419737