A choice behavior experiment with circular business models using machine learning and simulation modeling

Lieder, Michael; Asif, Farazee Mohammad Abdullah; Rashid, Amir

doi:10.1016/j.jclepro.2020.120894

Cited by 36 publications

(20 citation statements)

References 26 publications

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“…In addition, the potential of certain R's (repair, remanufacture, repurpose) could have been considered at product or sectoral level instead of at city level. For example, [56,57] were excluded as they did not focus on city level, but the impacts of more CE in businesses will have an effect on the CE level of the city.…”

Section: Data Extraction and Codingmentioning

confidence: 99%

Circular cities: an evidence map of research between 2010 and 2020

2021

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Worldwide, cities are implementing circular economy (CE) strategies to reduce the resources they consume and their environmental impact. To understand the CE strategies and sectors cities have been focusing on, we have conducted an evidence map describing the literature published in the last ten years. The main outputs are a searchable database comprising 178 publications showing which cities have been discussed, what CE strategy they are focusing on, and the sectors under review. The results show that most research has focused on European countries. Those efforts mainly concentrate on waste and wastewater management, and recycling and recovery strategies are considered the “lower-level” strategies in the CE taxonomy. It highlights the potential for further research in other cities and regions, looking across sectors and analyzing strategies that tackle the “higher-level” CE strategies. Higher-level strategies include reducing, repurposing, remanufacturing and reusing opportunities to achieve the potential attributed to a CE model by governments across the world.

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Section: Data Extraction and Codingmentioning

confidence: 99%

Circular cities: an evidence map of research between 2010 and 2020

2021

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“…Lieder et al [40] analyzed the relationship between consumer demographic data and their choice of business models. Various business models having different payment schemes, environmental friendliness, and service levels were considered, including purchasing or renting a remanufactured product.…”

Section: Wtp and Other Relevant Measuresmentioning

confidence: 99%

“…Although some researchers have projected that the rental model has a positive effect on the remanufacturing industry (e.g., [8,[41][42][43]), its effects on the consumer valuation have not been investigated in detail. Lieder et al [40] presented a unique study taking into account various business models of a remanufactured product, but the effect of product category was not examined as the case was fixed to the example of washing machine.…”

Section: Contributions Of the Current Studymentioning

confidence: 99%

Consumer Valuation of Remanufactured Products: A Comparative Study of Product Categories and Business Models

Lee

Kwak

2020

Sustainability

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Understanding consumer valuation of remanufactured products is vital to the success of the remanufacturing business. However, whether and how product categories and business models influence the consumer valuation have not been investigated in detail. To test the effects of product categories and business models on the consumer valuation and acceptance of remanufactured products empirically, this study presents a survey on the relative value of remanufactured products perceived by the consumers. Six product categories (low-end laptops, high-end laptops, smartphones, gaming consoles, printers, and water purifiers) and two business models (the buying model and the rental model) were selected as the factors. Negative perception (NP), purchase intention (PI), and acceptable prices (APs) were used as measures of the perceived value. A group of 95 students from a Korean university participated in the survey. Statistical hypothesis testing shows that both the product categories and the business models cause significant differences in the relative value of remanufactured products. Especially, the results indicate that certain product categories are more advantageous for remanufacturing from a consumer-demand viewpoint. The results also show that the suitability of the rental model varies across the product categories; for certain categories, the rental model can be a better option for remanufacturing.

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“…Current servicization literature focuses on the intensions of the organizations towards servicizing (Khan et al, 2020;Lieder et al, 2020;Hofmann, 2019), product-as-a-service (Patwa et al, 2020), device-as-a-service (HP, 2017;McIntyre & Ortiz, 2015), the potential of Industry 4.0 adoption in servicizing (Keivanpour, 2021;Bag et al, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Neutrosophic Analytic Hierarchy Process for Evaluating a New Servicizing Business Model of Transportation

Karadayi-Usta¹

2020

Proceedings of the International Symposium on the Analytic Hierarchy Process

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The new normal of the world has been shaped by the COVID-19 pandemics. It has made compulsory to avoid public transportation and to provide individual transportation in order to prevent the spread of the disease. Due to the high financial burden of purchasing a car, new business models have been developed in order to make possible of utilizing vehicles to meet the transportation needs in pay-per-use base. The concept called "servicizing business model" or "servicization" is based on presenting a product as a service, and selling the functionality of that product instead of the product itself. In order to meet the increasing demand for individual vehicle use, the existing car rental service providers have provided a new mobile application controlled business model which makes the rental process easier, by determining the location of the available vehicle via the applications, opening the vehicle without a key by GPS signals through the application, and making the payment from the previously defined credit card according to the duration of driving. The aim of this study is to evaluate the customers' preferences of purchasing, renting through an agency, or mobile application supported new pay-as-you-go business model use, in order to determine which criterion is prominent in the decision-making process, and to identify the weights of these criteria. Due to the uncertain and indeterminate attitudes of the customers in decision making, the data were collected as neutrosophic data sets and analyzed with a novel neutrosophic Analytic Hierarchy Process (nAHP) approach. The study provides implications both theoretically and practically in terms of revealing new servicization possibilities and analyzing real user judgments.

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A choice behavior experiment with circular business models using machine learning and simulation modeling

Cited by 36 publications

References 26 publications

Circular cities: an evidence map of research between 2010 and 2020

Circular cities: an evidence map of research between 2010 and 2020

Consumer Valuation of Remanufactured Products: A Comparative Study of Product Categories and Business Models

Neutrosophic Analytic Hierarchy Process for Evaluating a New Servicizing Business Model of Transportation

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