Circular Economy Models and Applications for Sustainability
A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Bioeconomy of Sustainability".
Deadline for manuscript submissions: closed (25 October 2023) | Viewed by 2144
Special Issue Editors
Interests: artificial intelligence and machine learning; operations management; operations research and decision analysis; supply chain management
Special Issues, Collections and Topics in MDPI journals
Interests: production planning; circular economy; operations management; inventory; manufacturing systems; MCDM; green supply chain management
Interests: digital transformation; sustainability; circular economy
Special Issues, Collections and Topics in MDPI journals
Interests: machine learning; data science; hyperspectral imaging; artificial intelligence; computer vision
Special Issues, Collections and Topics in MDPI journals
Special Issue Information
Dear Colleagues,
Circular business models reduce the exploitation and use of natural resources, as well as the production of residential and business waste. Circularity mitigates the consequences of such wastes by prioritising material recovery over material production. Moreover, a circular economy (CE) has the potential to protect a vulnerable environment, promote social equity, and accelerate sustainable economic growth. The three essential steps to building a circular business model are retaining product ownership, increasing product useful life, and designing products for recycling. The South Asian Association for Regional Cooperation (SAARC) member countries practice a restorative approach to manufacturing and consumption, which includes rethinking, recovering, and reusing items and resources to reduce their environmental impact. Essentially, a CE requires the creation of markets that encourage the recycling of goods as opposed to their disposal and further resource extraction. All types of waste, especially discarded garments, metal products, and outdated technology, are repurposed or put to more efficient use in such economies.
In addition to the controversial claim that a circular economy will tackle the issues of waste, resource depletion, and climate change, its proponents also make promises about employment and economic growth. Using the circular economy in any firm requires careful selection. Therefore, regardless of the industry type or the goods or materials produced, a business should be able to select and maximize its key products and resources by successfully reusing, recycling, and transferring them. A circular bio-economy decreases waste and pollution, such as plastics in the ocean, and uses less non-renewable resources, so it is better for the environment. Based on the biomass they create, a circular bio-economy also strengthens rural communities through new business opportunities and investment. Due to supply chain issues, a lack of investment incentives, complicated recycling procedures, and a lack of knowledge on how to enable involvement in reusing, recycling, and remanufacturing processes, industries are hesitant to implement the circular economy model.
Prof. Dr. Syed Mithun Ali
Dr. Bathrinath Sankaranarayanan
Dr. Usama Awan
Dr. Niamat Ullah Ibne Hossain
Guest Editors
Manuscript Submission Information
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Keywords
- sustainable circular economy
- circular bio-economy
- environmental impact assessment
- zero wastage
- socio-economic impacts
- sustainability indicators
- ecological indicators
- policies and incentives
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