Maximizing the Retained Value of Product Recovery Based on Circular Economy Principles

Eva Faja Ripanti () and Benny Tjahjono ()
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Eva Faja Ripanti: Universitas Tanjungpura
Benny Tjahjono: Centre for Business in Society, Coventry University

Chapter 10 in Operations Management and Sustainability, 2019, pp 181-194 from Springer

Abstract: Abstract The maximization of retained value is one of the determinants in the circular economy (CE) that can prolong a product’s economic and functional values. This chapter aims to maximize the retained value of recovered products based on CE principles. The approach has mainly been conducted through desk-based research. The steps to maximize retained value are developed by adhering to the rules of product cannibalization (one of the product recovery options). This research contributes to describing the embedding process of CE principles, specifically maximizing retained value into product recovery (cannibalization activity), providing some parameters, and formulating the mathematical formulation for product recovery in maximizing retained value. The personal computer (PC) is selected as a product example case to describe the clear process of maximizing the retained value of product recovery.

Keywords: Cannibalization; Circular economy principles; Maximizing retain value; Product recovery (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-93212-5_10

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DOI: 10.1007/978-3-319-93212-5_10

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