COSTS AND FINANCIAL DECISIONS ASSOCIATED WITH THE TRANSITION FROM A LINEAR ECONOMY TO A CIRCULAR ECONOMY IN PACKAGING PRODUCTION: THE CASE OF ECUADOR
Innovar, ISSN: 2248-6968, Vol: 34, Issue: 94
2024
- 1Citations
- 7Captures
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Article Description
Businesses play a critical role in development, production, and consumption. However, their production model generates enormous amounts of plastic waste that are growing exponentially, surpassing the global capacity for waste management and recycling. This traditional model, based on the principles of extraction, production, and disposal, involves unlimited resource use, thus leading to economic and environmental problems. This research focuses on the Ecuadorian context and aims to analyze and compare the costs associated with transitioning from a linear economy to a circular economy in two manufacturing scenarios: (i) flexible polyethylene packaging with virgin material and (ii) a mix of materials, as well as their relationship with financial decisions. Additionally, the study evaluates circularity and eco-efficiency indicators and projects data to assess the impact at the national level. The methodology employed was life cycle costing. The results show that production costs in the linear model exceed those in the circular model by 18%. From an environmental perspective, there is a 46% increase in energy consumption and greater water use resulting from the recycling process. In summary, production using a circular system proves to be more economically and environmentally viable compared to the linear approach.
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