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

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

13 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	48th SME North American Manufacturing Research Conference, NAMRC 48
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

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/)

Funding

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

Funders
TUBITAK
TÃ¼rkiye Bilimsel ve Teknolojik AraÅtirma Kurumu

Keywords

6R
Industry 4.0
Internet of Things
Supply chain
Sustainablity

ASJC Scopus subject areas

Artificial Intelligence
Industrial and Manufacturing Engineering

Access to Document

10.1016/j.promfg.2020.01.162

Cite this

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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.",

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AU - Badurdeen, Fazleena

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KW - 6R

KW - Industry 4.0

KW - Internet of Things

KW - Supply chain

KW - Sustainablity

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DO - 10.1016/j.promfg.2020.01.162

M3 - Conference article

AN - SCOPUS:85083535606

VL - 38

SP - 1284

EP - 1291

JO - 48th SME North American Manufacturing Research Conference, NAMRC 48

JF - 48th SME North American Manufacturing Research Conference, NAMRC 48

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

Funding

Keywords

ASJC Scopus subject areas

Access to Document

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