Embedding the Circular Economy in Investment Decision-making for Capital Assets – A Business Case Framework

M. Korse, Richard Jacob Ruitenburg, Marten E. Toxopeus, Anne Johannes Jan Braaksma

Research output: Contribution to journalArticleAcademicpeer-review

3 Citations (Scopus)
107 Downloads (Pure)

Abstract

Industry shows an increasing interest in the circular economy. However, circularity for physical capital assets is still ill-defined and existing models are complex and information dependent hindering implementation. This paper addresses these gaps by operationalizing circular economy principles and developing a suitable business case framework embedding circularity. Following the Design Science Methodology, a framework was developed based on circularity and investment decision-making literature and requirements from a Dutch electricity grid operator. An initial evaluation showed that the framework supports selecting the preferred circular investment scenario and can be generalized to other industries.
Original languageEnglish
Pages (from-to)425-430
JournalProcedia CIRP
Volume48
DOIs
Publication statusPublished - 2016

Keywords

  • METIS-317472
  • IR-100926

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