Emerging drivers and business models for equipment reuse and remanufacturing in the US: lessons from the biotech industry
| Autor: | Vesela R. Veleva, Gavin Bodkin |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Fluid Flow and Transfer Processes
Engineering business.industry Circular economy 05 social sciences Geography Planning and Development 010501 environmental sciences Management Monitoring Policy and Law Reuse Business model 01 natural sciences Original equipment manufacturer Biotechnology 0502 economics and business Sustainability Product (category theory) Equipment Reuse business Remanufacturing 050203 business & management 0105 earth and related environmental sciences General Environmental Science Water Science and Technology |
| Zdroj: | Journal of Environmental Planning and Management. 61:1631-1653 |
| ISSN: | 1360-0559 0964-0568 |
| DOI: | 10.1080/09640568.2017.1369940 |
| Popis: | While regulations have advanced product take-back in some markets, challenges to increasing product reuse and remanufacturing remain. Most research to date has focused on original equipment manufacturers taking back and remanufacturing their products, which is often problematic. The present study demonstrates that there are emerging opportunities for small companies with innovative business models to enter the market and advance product end-of-life (EoL) management. The paper examines the biotechnology industry – a growing sector with high spending on lab equipment and relatively short lifespans of research and development instruments. Building on previous research and analysis of industry practices and emerging drivers for product reuse and remanufacturing, the authors propose a framework for sustainable EoL management that includes five managerial drivers: financial benefits, space, ease/convenience, information, and sustainability goals. The paper concludes with discussion of the lessons learned and pr... |
| Databáze: | OpenAIRE |
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