Cappelletti, F.; Menato, S. Developing a Circular Business Model for Machinery Life Cycle Extension by Exploiting Tools for Digitalization. Sustainability2023, 15, 15500.
Cappelletti, F.; Menato, S. Developing a Circular Business Model for Machinery Life Cycle Extension by Exploiting Tools for Digitalization. Sustainability 2023, 15, 15500.
Cappelletti, F.; Menato, S. Developing a Circular Business Model for Machinery Life Cycle Extension by Exploiting Tools for Digitalization. Sustainability2023, 15, 15500.
Cappelletti, F.; Menato, S. Developing a Circular Business Model for Machinery Life Cycle Extension by Exploiting Tools for Digitalization. Sustainability 2023, 15, 15500.
Abstract
Digitalization technologies have been identified as enablers for the adoption of Circular Economy practices. The machinery value chain, addressed in this study, is affected by the introduction of digital technologies that enable real-time monitoring data on product condition and control optimization deploying predictive analytics techniques, as well as the offerings of circular-based services. Machinery lifetime extension can be digitally enabled on both old and new machines. The research objectives were to investigate how digital technologies enable the adoption of circular economy-based business models in manufacturing companies and provide an answer about i) what Life Cycle Extension Strategy is suitable for digital circular business model adoption and ii) how digitalization of machines enables manufacturing companies to innovate their business model. The correlation matrix is the tool developed from the proposed approach; it aims at supporting manufacturers in the very first contact with circular business models. In the context of the European RECLAIM project, two manufacturers apply the approach, proving its validity and wide applicability. The next steps are expected to introduce quantitative indicators to define thresholds for the steps toward circularity, without replacing the qualitative approach, as it guarantees the wide applicability of the approach in context that never considered circularity yet.
Keywords
Circular Business Model; Digitalization; Circular transition; Digital transformation; equipment lifecycle extension.
Subject
Business, Economics and Management, Other
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
