Integrating Circular Strategies and Industry 4.0 Technologies to assist Manufacturing Firms in the transition towards Circular Business Models

Master thesis (2023)

Authors

I. Tripodis Technology, Policy and Management

Contributors

H. Khodaei Delft Centre for Entrepreneurship (mentor)
R.M. Verburg Economics of Technology and Innovation - TPM (graduation committee member)
Faculty
Technology, Policy and Management, Technology, Policy and Management
Copyright: © 2023 Ilias Tripodis
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Published Date

29-08-2023

Language

English

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Faculty

Technology, Policy and Management

Abstract

In today's society, resource efficiency and energy conservation have become paramount, initiating discussions across businesses and nations. Circular strategies, rooted in the Industry 4.0 era of automation and data-driven processes, offer a compelling solution. This study investigates how circular strategies and Industry 4.0 technologies synergize to transform manufacturing companies into introducing circular business models. The research constructs a comprehensive framework interconnecting circular strategies, business model elements, and emerging technologies. This Hybrid Circular Business Model-Tech framework guides manufacturing entities in applying circularity, enhancing sustainability, resource efficiency, and competitiveness. Through literature review, framework development, and real-world case studies with renowned Dutch firms, the study bridges theory and practice, advancing circular economy principles in the manufacturing sector. Overall, the Hybrid Circular Business Model - Tech framework serves as an invaluable tool for transitioning from linear to circular models, fostering informed decision-making within organizations committed to embracing a sustainable future.

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