Quotation Rabta, Boualem. 2019. A production lot sizing model in a circular economy. 30th European Conference on Operational Research, Dublin, Irland, 23.06-26.06.


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Abstract

Circular economy is presented as an alternative to the current linear economic model with the ambition of contributing to the economic growth in addition to having a positive impact on the environment. Companies see opportunities in circular economy business models. It allows the capture of additional values from products and materials that are currently discarded as waste. However, challenges to shift their businesses and products into circular practices still exist. In this work, we investigate the impacts of circular economy product labeling and its use in decision support. In particular, we build a production lot sizing mathematical model taking into account the circularity level of the product and we solve it analytically to determine the optimal parameters. The results illustrate the use of circularity indicators and demonstrate that making circular products can be justified financially from the company’s point of view.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title A production lot sizing model in a circular economy
Event 30th European Conference on Operational Research
Year 2019
Date 23.06-26.06
Country Ireland
Location Dublin
URL https://www.euro-online.org/conf/euro30/treat_abstract?paperid=2529

Associations

People
Rabta, Boualem (Details)
Organization
Production Management IN (Details)
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