Connecting circular economy and industry 4.0

Rajput, Shubhangini; Singh, SP

doi:10.1016/j.ijinfomgt.2019.03.002

Cited by 446 publications

(250 citation statements)

References 55 publications

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“…Pocock et al [33] mention that materials circulation through products lifetime extension generates revenue for the businesses. Essoussi and Linton [34], discuss that the willingness of users to purchase products with reused or recycled was related to the perceived functional risk of achievement paves the way towards implication of Industry 4.0 [35] products. Therefore, where the perceived risk is high, and the margin price is low, users like to buy new products.…”

Section: Circular Design Strategiesmentioning

confidence: 99%

“…While 4IR is not capable to overcome all the challenges towards circularity, such technologies offer more costefficient tools [41]. Integration of CE and Industry 4.0 leads towards new levels of sustainability, which can work as a motivation enabler for business organizations to move towards sustainable supply chains as well as a new outlook for production and consumption [35]. Industry 4.0, which is also known in the production industry context as smart manufacturing, helps managers in decision-making by providing real-time information on machines, flow of components and production, monitoring performance and tracking parts and products [42].…”

Section: Industry 40 and Cementioning

confidence: 99%

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New promises AI brings into circular economy accelerated product design: a review on supporting literature

Ghoreishi

Happonen

2020

E3S Web Conf.

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Promoting and applying circular strategies in the product planning stage by industrial designers have significant environmental impacts. Product design has an enormous influence on sustainable ecology. Huge amounts of data analysis in designing circular products as well as reducing human biases in testing and prototyping are the main reasons for urging digital technologies in industries. Digitalization assets in ecodesign in collaboration with humans and as a complement for human skills. This study found the circular design tools and strategies which can help organizations in their product designs and the way artificial intelligence enhances product circularity. Real-time data transformation and analysis ability can help in massive data analysis which is less time consuming and less energy consumption is needed. In addition, rapid prototyping and fast testing will reduce the waste in design process. Furthermore, AI transfers precise data and information on materials and products’ availability, condition, and accessibility which makes easy monitoring and enables remote maintenance as well as reuse, remanufacturing and repair opportunities.

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Section: Circular Design Strategiesmentioning

confidence: 99%

Section: Industry 40 and Cementioning

confidence: 99%

New promises AI brings into circular economy accelerated product design: a review on supporting literature

Ghoreishi

Happonen

2020

E3S Web Conf.

View full text Add to dashboard Cite

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“…Some economists call it a circular economy, biophysical economics, and ecological economics. This economy is based on three principles: preserve natural capital by controlling natural and renewable resources, optimize the resources used more times, promote a more efficient system that eliminates external and internal aspects in the productive chain and particularly that has minimum environmental impact, design no waste products, elastic and flexible diversity, renewable energy increase, consider everything as a system, re-evaluate the costs and prices management [23].…”

Section: Economymentioning

confidence: 99%

Industry 4.0 - Current Status and Future Trends

Ortíz¹

2020

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This chapter focuses on the vision of one of the biggest changes that will mark our way to live: Industries 4.0. Our intention is to discuss its basics, the automation and improvements on the processes, the way to transform an small and medium enterprises (SMEs) into an Industry 4.0, some of the economic and educational aspects, return of the investment, etc. This topic is very extensive; nevertheless, our purpose is to give a current vision of the industry and also show the Industry 4.0's future trends. Furthermore, this chapter presents the process to migrate to Industry 4.0 until reaching to Society 5.0 and, in turn, includes a future version of Industry 5.0 that is expected to begin in 2020.

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“…Russia, according to the Networked Readiness Index (NRI) of the World economic forum, ranks 41st in the world in terms of readiness for the digital economy. The government of the country has recently often stressed the importance of Russia's development in the context of the Industrial revolution 4.0 [2]. Big data, artificial intelligence, blockchain, the Internet of things (IoT), cloud computing, intelligent information technologythese are the tools for the development of the future economy [3].…”

Section: Introductionmentioning

confidence: 99%