Importance of Circular Economy for Resource Optimization in Various Industry Sectors – A Review-based Opportunity Analysis

International Journal of Applied Engineering and Management Letters Pub Date : 2023-06-30 DOI:10.47992/ijaeml.2581.7000.0182

S. Aithal, P. Aithal

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引用次数: 8

Abstract

Purpose: The circular economy concept is of significant importance across various industry sectors, including the primary, secondary, tertiary, and quaternary sectors. This concept has a profound impact across all industry sectors by promoting sustainable practices, resource efficiency, waste reduction, and innovation. By embracing circular principles, industries can contribute to the transition towards a more sustainable and resilient economy while creating economic value and minimizing environmental impact. Methodology: The importance of the circular economy is discussed in various industry sectors by means of a systematic review to know the current status and SWOC and ABCD analysis to know the Opportunity of exploring this field. Results: Based on analysis, comparison, evaluation, and interpretation of the circular economy in all four industry sectors, the importance of Circular Economy for Resource Optimization are suggested. Outcome/Values/Novelty: The importance of the Circular Economy in primary, secondary, tertiary, and quaternary industries are evaluated by knowing the current status and the opportunity are analyzed using SWOC and ABCD analysis frameworks. Type of Paper: Exploratory Analysis

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循环经济对各行业资源优化的重要性——基于回顾的机会分析

目的:循环经济概念对包括第一、第二、第三和第四产业在内的各个产业部门都具有重要意义。这一概念通过促进可持续实践、资源效率、减少浪费和创新，对所有行业产生了深远的影响。通过拥抱循环原则，行业可以在创造经济价值和减少环境影响的同时，为向更可持续和更有弹性的经济转型做出贡献。方法:通过系统回顾了解循环经济的现状，通过SWOC和ABCD分析了解探索该领域的机会，讨论循环经济在各个行业部门的重要性。结果:通过对四大行业循环经济的分析、比较、评价和解读，提出了循环经济对资源优化的重要性。结果/价值/新颖性:通过了解循环经济在第一、第二、第三和第四产业中的现状，评估循环经济在第一、第二、第三和第四产业中的重要性，并使用SWOC和ABCD分析框架分析机会。论文类型:探索性分析

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International Journal of Applied Engineering and Management Letters

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