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

2 Citations (Scopus)
87 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

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Decision making
Industry
Electricity

Keywords

  • METIS-317472
  • IR-100926

Cite this

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Embedding the Circular Economy in Investment Decision-making for Capital Assets – A Business Case Framework. / Korse, M.; Ruitenburg, Richard Jacob; Toxopeus, Marten E.; Braaksma, Anne Johannes Jan.

In: Procedia CIRP, Vol. 48, 2016, p. 425-430.

Research output: Contribution to journalArticleAcademicpeer-review

TY - JOUR

T1 - Embedding the Circular Economy in Investment Decision-making for Capital Assets – A Business Case Framework

AU - Korse, M.

AU - Ruitenburg, Richard Jacob

AU - Toxopeus, Marten E.

AU - Braaksma, Anne Johannes Jan

N1 - Open access

PY - 2016

Y1 - 2016

N2 - 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.

AB - 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.

KW - METIS-317472

KW - IR-100926

U2 - 10.1016/j.procir.2016.04.087

DO - 10.1016/j.procir.2016.04.087

M3 - Article

VL - 48

SP - 425

EP - 430

JO - Procedia CIRP

JF - Procedia CIRP

SN - 2212-8271

ER -