How Is Value Created in the Circular Economy? Evidence from Remanufacturing and Repair Businesses

Melissa Correa Marques, Umit Sezer Bititci, Amos Peter Haniff

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The circular economy refers to a cluster of strategies which are necessary in the pursuit of more sustainable production-consumption systems. In despite of the importance of repair and remanufacturing in the context of circular economy and sustainability, research in value creation within this sector is limited. There is little empirical evidence pertaining to the different ways that repair and remanufacturing activities can contribute to value creation across firms. This study therefore aimed to investigate value creation in the circular economy, particularly in context of fifteen repair and remanufacturing firms. Through a multi-method approach, data pertaining to value creation strategies were collected in both original equipment manufacturers (OEMs) and non-OEMs, and inductively analyzed with the aid of mapping tools. As a result, four generic patterns of value creation were identified, expanding upon previous literature by highlighting that ‘OEM status’ and ‘servitization’ are important variables of value generation.

Original languageEnglish
Title of host publicationAdvances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems. APMS 2021
EditorsAlexandre Dolgui, Alain Bernard, David Lemoine, Gregor von Cieminski, David Romero
PublisherSpringer
Pages340-350
Number of pages11
ISBN (Electronic)9783030859060
ISBN (Print)9783030859053
DOIs
Publication statusPublished - 31 Aug 2021
EventIFIP International Conference on Advances in Production Management Systems 2021 - Nantes, France
Duration: 5 Sep 20219 Sep 2021

Publication series

NameIFIP Advances in Information and Communication Technology
Volume632
ISSN (Print)1868-4238
ISSN (Electronic)1868-422X

Conference

ConferenceIFIP International Conference on Advances in Production Management Systems 2021
Abbreviated titleAPMS 2021
Country/TerritoryFrance
CityNantes
Period5/09/219/09/21

Keywords

  • Business model
  • Circular economy
  • Remanufacturing
  • Value creation

ASJC Scopus subject areas

  • Information Systems
  • Computer Networks and Communications
  • Information Systems and Management

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