Towards Circular Economy: Enhanced Decision-Making in Circular Manufacturing Systems

Saman Amir (), Farazee M. A. Asif () and Malvina Roci ()
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Saman Amir: Stockholm School of Economics
Farazee M. A. Asif: KTH Royal Institute of Technology
Malvina Roci: KTH Royal Institute of Technology

Chapter Chapter 12 in Sustainable Consumption and Production, Volume II, 2021, pp 257-279 from Springer

Abstract: Abstract This chapter will present an outlook on the modelling and simulation of circular manufacturing systems. Simulations in the linear context have long been an enabler in making the systems efficient through better design and improved decision-making. Circular aspects of manufacturing systems lead to another level of complexity to be tackled and understood in terms of the performance of the system from an economic, environmental and social perspective. This calls for enhanced understanding through analysis of the interdependencies between business models, product design, supply chains and consumption patterns interactions by modelling the effect of those interactions to provide a sound basis for decision-making. The role of modelling simulation for prediction and improved decision-making in complex situations will be presented and exemplified with case studies where simulation has been used as a tool to enhance decision-making. The chapter finishes by highlighting the potential of modelling and simulation in boosting the transition towards circular systems implementation.

Keywords: Circular economy; Multimethod simulation; Economic and environmental performance; Circular manufacturing systems (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-55285-5_12

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DOI: 10.1007/978-3-030-55285-5_12

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