Circular Business Development

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This course builds upon the course Engineering in a Circular Economy and Life Cycle Assessment Project has a link to the second-year courses Remake, Reuse, Repair, Recycle, Reversed Engineering and Refurbishing Skills and Management Skills. You are encouraged to apply the concepts of the circular economy as previously introduced. You work in teams to solve 4 cases each being representative for one of the four Rs. You approach each case by searching and studying relevant background information and example solutions applied in similar products. You need to quickly familiarize yourself with the case and study business aspects that are new to them such as business models, investment, financing, product pricing, servicing and marketing. To this end, you are guided to relevant databases, books and journal papers. To solve the cases, you select and apply one of the circular economy business models which should encompass all economic aspects such as resources, logistics, savings on energy and waste streams, financing and product pricing. Where possible the full footprint is worked out. You should support your solution by a solid line of reasoning, basic calculations, experimental or computational evidence.