Exploring Synergies Between Circular Economy and Asset Management - Advances in Production Management Systems. Towards Smart and Digital Manufacturing Access content directly
Conference Papers Year : 2020

Exploring Synergies Between Circular Economy and Asset Management

Federica Acerbi
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  • PersonId : 1063981
Adalberto Polenghi
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  • PersonId : 1061528
Irene Roda
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  • PersonId : 991434
Marco Macchi
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  • PersonId : 991431
Marco Taisch
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  • PersonId : 931901

Abstract

Circular economy (CE) has been recently considered one of the most promising sustainable strategies for industrial companies, aiming at reducing resources consumption, extending resources life cycle and making recirculate resources within the life cycle stages. The transition from a linear economy towards a circular one requires the internal reorganization of companies without limiting the focus on product life cycle management, also considering how to appropriately manage internal assets, both physical, e.g. machines, and social, e.g. workforce. Indeed, the objective of the present work is to investigate the adoption of CE in industrial asset management (AM), thus focusing on the physical assets. A systematic literature review has been performed with a two-fold goal: firstly, to envisage the synergies between CE and AM and, secondly, to identify existing research gaps. Through this review, it was possible to notice the shared life cycle orientation of the two theories but the still embryonic adoption of it in the AM for a circular aim. Indeed, the major focus in the AM theory, from a CE perspective, is on the role of maintenance activities to extend asset life cycle during its Middle of Life stage while CE adoption at the Beginning of Life of industrial assets is still lagging. This limits a life cycle orientation which would boost industrial companies’ sustainability. In order to encounter policymakers’ expectations these two theories should be furtherly integrated.
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hal-03635618 , version 1 (20-06-2023)

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Federica Acerbi, Adalberto Polenghi, Irene Roda, Marco Macchi, Marco Taisch. Exploring Synergies Between Circular Economy and Asset Management. IFIP International Conference on Advances in Production Management Systems (APMS), Aug 2020, Novi Sad, Serbia. pp.695-702, ⟨10.1007/978-3-030-57997-5_80⟩. ⟨hal-03635618⟩
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