A business model to implement closed-loop material flow in IoT-enabled environments

Alperen Bal; Fazleena Badurdeen

doi:10.1016/j.promfg.2020.01.162

A business model to implement closed-loop material flow in IoT-enabled environments

Alperen Bal, Fazleena Badurdeen

Mechanical Engineering

Research output: Contribution to journal › Conference article › peer-review

11 Scopus citations

Abstract

Traditional business models are generally sell-oriented, and Product Service Systems (PSS) often focus only on one lifecycle, limiting the prospects for enhancing triple bottom line benefits (TBL). Technological advances enabled through the Internet of Things (IoT) paradigm can facilitate enhancing sustainability by implementing novel business models. In this research we propose a 'Lease-First, Then-Sell' (LFTS) business model adopting the multiple lifecycle approach to design, manufacture and use products. Simulation is used to study the logistics network configuration when implementing this model for different scenarios to identify TBL benefits as well as opportunities and challenges to implement the IoT-enabled LFTS model.

Original language	English
Pages (from-to)	1284-1291
Number of pages	8
Journal	Procedia Manufacturing
Volume	38
DOIs	https://doi.org/10.1016/j.promfg.2020.01.162
State	Published - 2019
Event	29th International Conference on Flexible Automation and Intelligent Manufacturing, FAIM 2019 - Limerick, Ireland Duration: Jun 24 2019 → Jun 28 2019

Bibliographical note

Funding Information:
This research is supported by The Scientific and Technological Research Council of Turkey (TUBITAK).

Publisher Copyright:
© 2019 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

Keywords

6R
Industry 4.0
Internet of Things
Supply chain
Sustainablity

ASJC Scopus subject areas

Industrial and Manufacturing Engineering
Artificial Intelligence

Access to Document

10.1016/j.promfg.2020.01.162

Cite this

@article{bd88fd1254b8406ea8800113ad6dee21,

title = "A business model to implement closed-loop material flow in IoT-enabled environments",

abstract = "Traditional business models are generally sell-oriented, and Product Service Systems (PSS) often focus only on one lifecycle, limiting the prospects for enhancing triple bottom line benefits (TBL). Technological advances enabled through the Internet of Things (IoT) paradigm can facilitate enhancing sustainability by implementing novel business models. In this research we propose a 'Lease-First, Then-Sell' (LFTS) business model adopting the multiple lifecycle approach to design, manufacture and use products. Simulation is used to study the logistics network configuration when implementing this model for different scenarios to identify TBL benefits as well as opportunities and challenges to implement the IoT-enabled LFTS model.",

keywords = "6R, Industry 4.0, Internet of Things, Supply chain, Sustainablity",

author = "Alperen Bal and Fazleena Badurdeen",

note = "Funding Information: This research is supported by The Scientific and Technological Research Council of Turkey (TUBITAK). Publisher Copyright: {\textcopyright} 2019 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/); 29th International Conference on Flexible Automation and Intelligent Manufacturing, FAIM 2019 ; Conference date: 24-06-2019 Through 28-06-2019",

year = "2019",

doi = "10.1016/j.promfg.2020.01.162",

language = "English",

volume = "38",

pages = "1284--1291",

}

TY - JOUR

T1 - A business model to implement closed-loop material flow in IoT-enabled environments

AU - Bal, Alperen

AU - Badurdeen, Fazleena

N1 - Funding Information: This research is supported by The Scientific and Technological Research Council of Turkey (TUBITAK). Publisher Copyright: © 2019 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

PY - 2019

Y1 - 2019

N2 - Traditional business models are generally sell-oriented, and Product Service Systems (PSS) often focus only on one lifecycle, limiting the prospects for enhancing triple bottom line benefits (TBL). Technological advances enabled through the Internet of Things (IoT) paradigm can facilitate enhancing sustainability by implementing novel business models. In this research we propose a 'Lease-First, Then-Sell' (LFTS) business model adopting the multiple lifecycle approach to design, manufacture and use products. Simulation is used to study the logistics network configuration when implementing this model for different scenarios to identify TBL benefits as well as opportunities and challenges to implement the IoT-enabled LFTS model.

AB - Traditional business models are generally sell-oriented, and Product Service Systems (PSS) often focus only on one lifecycle, limiting the prospects for enhancing triple bottom line benefits (TBL). Technological advances enabled through the Internet of Things (IoT) paradigm can facilitate enhancing sustainability by implementing novel business models. In this research we propose a 'Lease-First, Then-Sell' (LFTS) business model adopting the multiple lifecycle approach to design, manufacture and use products. Simulation is used to study the logistics network configuration when implementing this model for different scenarios to identify TBL benefits as well as opportunities and challenges to implement the IoT-enabled LFTS model.

KW - 6R

KW - Industry 4.0

KW - Internet of Things

KW - Supply chain

KW - Sustainablity

UR - http://www.scopus.com/inward/record.url?scp=85083535606&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85083535606&partnerID=8YFLogxK

U2 - 10.1016/j.promfg.2020.01.162

DO - 10.1016/j.promfg.2020.01.162

M3 - Conference article

AN - SCOPUS:85083535606

VL - 38

SP - 1284

EP - 1291

JO - Procedia Manufacturing

JF - Procedia Manufacturing

T2 - 29th International Conference on Flexible Automation and Intelligent Manufacturing, FAIM 2019

Y2 - 24 June 2019 through 28 June 2019

ER -

A business model to implement closed-loop material flow in IoT-enabled environments

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this