Sustainable Operations and Circular Economy
Sustainable Operations and the Circular Economy represent a paradigm shift away from the traditional linear "take-make-dispose" economic model, focusing instead on creating a regenerative system. This approach involves designing business processes, products, and supply chains to intentionally eliminate waste, circulate materials and components at their highest value, and regenerate natural systems. By emphasizing strategies like reuse, repair, remanufacturing, and recycling, it aims to decouple economic growth from the consumption of finite resources, thereby fostering long-term environmental resilience and creating new avenues for economic value.
- Foundations of Sustainable Operations and Circular Economy
- Understanding the Linear Economic Model
- Historical Development of Linear Systems
- Take-Make-Dispose Framework
- Resource Extraction and Depletion
- Production and Consumption Patterns
- Waste Generation and Environmental Consequences
- Economic Externalities and Market Failures
- Introduction to Circular Economy Concepts
- Fundamental Principles of Circular Economy
- Schools of Thought and Frameworks
- Understanding the Linear Economic Model