,Contents
1. Preface
2. Acknowledgements
3. Editor biographies
4. Contributors
5. SECTION 1Conceptual Understanding and Adoption
Challenges of Circular Economy Practices
1. Chapter 1The Conceptual Model Framework for the Role of Human
Resources in the Adoption of the Circular Economy: A Content Analysis
ApproachPriyanka Sihag, Aastha Dhoopar, Anil Kumar, and Ashok Kumar Suhag
2. Chapter 2Closing Loops, Easing Strains: Industry 4.0’s Potential for
Overcoming Challenges of Circularity in Manufacturing EnvironmentsLucas
López-Manuel, Fernando León-Mateos, and Antonio Sartal
3. Chapter 3Reporting for New Business Models: The Challenge to Support
the Circular EconomyElaine Conway
6. SECTION 2Achieving Sustainability through Circular
Economy Practices
1. Chapter 4Sustainability Through Green Manufacturing Systems: An
Applied ApproachMahender Singh Kaswan, Rajeev Rathi, and Ammar Vakharia
2. Chapter 5Circular Economy: Assessing a Progress of Resources Efficient
Practices in Hotel IndustryMudita Sinha and Leena N. Fukey
3. Chapter 6A Governance-Practice Framework for Remanufacturing in the
Indian Automobile SectorShikha Verma and Anukriti Dixit
7. SECTION 3Applications of Advanced Methods in the
Adoption of Circular Economy Practices
1. Chapter 7Fuzzy Global Criterion Method for Solving Multiobjective
Sustainable Supplier Selection ProblemNurullah Umarusman
2. Chapter 8Sustainability and OEE Gains in Manufacturing Operations
Through TPMMukesh Kumar, Vikas Kumar Choubey, Rahul S. Mor, and Sarbjit
Singh
3. Chapter 9A Multi-Criteria Decision-Making Model for Agricultural
Machinery SelectionAli Jahan, Alireza Panahandeh, and Hadi Lal Ghorbani
8. SECTION 4Circular Economy and Related Area Practices
in Operations Management
1. Chapter 10Challenges in Implementing Green Supply Chain Management
in SMEs: A Case Study of a South Korean CompanyArvind Upadhyay and
Jeagyung Seong
2. Chapter 11Drivers for Adoption of Green Logistics as a Means to Achieve
Circular Economy by Organized Retail SectorR.A. Dakshina Murthy and Leena
James
, 3. Chapter 12Framework for Sustainable Food Systems: Holistic Mitigation
and AdaptationSarika Yadav, Rahul S. Mor, and Simon Peter Nadeem
4. Chapter 13Supply Chain Network Design Models for a Circular Economy:
A Review and a Case Study AssessmentSreejith Balasubramanian, Vinaya Shukla,
Arvind Upadhyay, Mahshad Gharehdash, and Mahnoush Gharehdash
9. Index
Preface
This book is divided into four sections. In the first section titled ‘Conceptual Understanding and
Adoption Challenges of Circular Economy Practices’, which includes all the chapters related to
the conceptual understanding and adoption challenges of circular economy (CE) practices. In the
second section titled ‘Achieving Sustainability through Circular Economy Practices’ contains all
the chapters related to achieving sustainability through CE practices. In the third section titled,
‘Applications of Advanced Methods in the Adoption of Circular Economy Practices’ contains all
the chapters where the authors used advanced method in the adoption of CE practices. The last
section is all about ‘Circular Economy and Related Area Practices in Operations Management’.
The brief description of each section as follows.
The section titled ‘Conceptual Understanding and Adoption Challenges of Circular Economy
Practices’ contains three chapters. In the first Chapter 1, Priyanka Sihag, Aastha Dhoopar, Anil
Kumar and Ashok Kumar Suhag discuss that there has been a continuous surge in the research
around the concept of the CE. In today’s world for the organizations to be effective, economic
growth with minimum disruption for the environment has become essential. To address this issue,
various organizations around the globe are switching to a CE wherein the natural resources are
judiciously utilised and the wastage is minimised. In the CE literature, the ‘human side of
organizations’ has seldom converged with the adoption of CE. This chapter aims to demonstrate
how human resource management can contribute towards the adoption of CE. The relationship
between human resources and CE focuses on the economic, social as well as the environmental
dimensions, integrating the concepts of eco-innovation, leadership and top-management
commitment, Green HRM practices and the supremacy of communication in the adoption of CE.
The pivotal role of human resources in the transition towards the CE can be largely attributed to
the stakeholders’ theory and the resource-based view (RBV). The role of human resource
management leads to developing a conceptual framework positioning the CE as a precursor to
organizational sustainability. The recommendations for future research on the CE and the
contribution of HRM towards the smooth transition to the CE are suggested.
To contribute the same section objective, in Chapter 2, Lucas López-Manuel, Fernando León-
Mateos and Antonio Sartal talk that nowadays, society is becoming increasingly aware that there
should be a new production and consumption model so the economy can internalize environmental
and social impacts. As these concerns grow, industries face increasing stakeholder pressure to be
transparent when reporting the environmental and social outcomes of their operations. In this view,
CE initiatives should help minimize energy and raw material consumption while also being
economically viable. The need for change and the challenges it entails are why the concept of
circularity is obtaining collective attention in both the research community and organizations,
, particularly in the manufacturing sector. Our chapter aims to highlight the opportunities and
difficulties of the Industry 4.0 context. Through an analysis of Industry 4.0 technologies and their
relationships, we describe the opportunities some of them offer (e.g. cloud computing, additive
manufacturing, virtualization) to increase circularity in manufacturing processes.
In Chapter 3, Elaine Conway explains that over the last few years, there has been increasing
interest in adopting new business models to respond to major environmental issues facing modern
businesses, such as resource scarcity and rising energy costs. Many businesses are considering
moving to CE-based business models, to reduce their dependence on these scarce resources and to
support more sustainable business in the future. This transition can result in significantly different
revenue streams, issues relating to asset valuations and investment requirements in comparison to
a traditional linear business model that does not use CE principles. The impacts that these changes
could have on the financial reports could be considerable, resulting in investor uncertainty. The
accounting profession needs to consider how to mitigate these impacts and manage the new CE-
based business models in conjunction with the firm’s stakeholders. This chapter discusses the
move to CE business models and their impacts on the financial reports. It also examines the
potential role of integrated reporting (IR) in supporting CE business models, through its focus on
value creation over the long term across a range of six capitals: financial, manufactured,
intellectual, human, social and relationship, and natural.
Section 2 contains all the chapters related to achieving sustainability through CE practices. To
follow this, in Chapter 4, Mahender Singh Kaswan, Rajeev Rathi, and Ammar Vakharia explain
that in the modern era of high competition and climate risks, to remain competitive in the market,
there is an immense need for clean technologies that not only enhance productivity but also reduces
negative environmental impacts. Green manufacturing (GM) is an approach of sustainable
development that improves the material and energy efficiencies and delivers high-quality eco-
friendly products. This chapter outlines the grey areas of the GM right from the necessity to life
cycle assessment, indicators of GM, development of GM system, and sustainable entrepreneurship.
This chapter will facilitate the readers and practitioners to have a comprehensive understanding of
sustainability in the system through the incorporation of the GM approach.
To follow the same section objective, in Chapter 5, Mudita Sinha, Leena N. Fukey discus that
all the major industries are shifting from the linear economy to CE which aims at how the generated
water can be transformed a value adds to the industry by modifying the production and
consumption of the resources. The hospitality industry is also touched by this change. Hospitality
and tourism industry has experienced an extraordinary growth in the recent decade that has
catalyzed the requirement of the hotels which in turn has made people think about the serious issue
of water generation which in the hotels. Kitchen, storage and lodging area of hotels are considered
to generate a large amount of waste and hence makes it one of the primary sources of waste
origination. So, this research focuses on the major difficulties and opportunities that hotels
encounter by adopting this transformation.
In Chapter 6, Shikha Verma and Anukriti Dixit provide an extensive review of the
recommended strategies and solutions presented in the existing literature while exploring the risks
and opportunities associated with remanufacturing practices in the Indian automobile sector, the
authors present a CE framework with potential pathways for innovation through the amalgamation
1. Preface
2. Acknowledgements
3. Editor biographies
4. Contributors
5. SECTION 1Conceptual Understanding and Adoption
Challenges of Circular Economy Practices
1. Chapter 1The Conceptual Model Framework for the Role of Human
Resources in the Adoption of the Circular Economy: A Content Analysis
ApproachPriyanka Sihag, Aastha Dhoopar, Anil Kumar, and Ashok Kumar Suhag
2. Chapter 2Closing Loops, Easing Strains: Industry 4.0’s Potential for
Overcoming Challenges of Circularity in Manufacturing EnvironmentsLucas
López-Manuel, Fernando León-Mateos, and Antonio Sartal
3. Chapter 3Reporting for New Business Models: The Challenge to Support
the Circular EconomyElaine Conway
6. SECTION 2Achieving Sustainability through Circular
Economy Practices
1. Chapter 4Sustainability Through Green Manufacturing Systems: An
Applied ApproachMahender Singh Kaswan, Rajeev Rathi, and Ammar Vakharia
2. Chapter 5Circular Economy: Assessing a Progress of Resources Efficient
Practices in Hotel IndustryMudita Sinha and Leena N. Fukey
3. Chapter 6A Governance-Practice Framework for Remanufacturing in the
Indian Automobile SectorShikha Verma and Anukriti Dixit
7. SECTION 3Applications of Advanced Methods in the
Adoption of Circular Economy Practices
1. Chapter 7Fuzzy Global Criterion Method for Solving Multiobjective
Sustainable Supplier Selection ProblemNurullah Umarusman
2. Chapter 8Sustainability and OEE Gains in Manufacturing Operations
Through TPMMukesh Kumar, Vikas Kumar Choubey, Rahul S. Mor, and Sarbjit
Singh
3. Chapter 9A Multi-Criteria Decision-Making Model for Agricultural
Machinery SelectionAli Jahan, Alireza Panahandeh, and Hadi Lal Ghorbani
8. SECTION 4Circular Economy and Related Area Practices
in Operations Management
1. Chapter 10Challenges in Implementing Green Supply Chain Management
in SMEs: A Case Study of a South Korean CompanyArvind Upadhyay and
Jeagyung Seong
2. Chapter 11Drivers for Adoption of Green Logistics as a Means to Achieve
Circular Economy by Organized Retail SectorR.A. Dakshina Murthy and Leena
James
, 3. Chapter 12Framework for Sustainable Food Systems: Holistic Mitigation
and AdaptationSarika Yadav, Rahul S. Mor, and Simon Peter Nadeem
4. Chapter 13Supply Chain Network Design Models for a Circular Economy:
A Review and a Case Study AssessmentSreejith Balasubramanian, Vinaya Shukla,
Arvind Upadhyay, Mahshad Gharehdash, and Mahnoush Gharehdash
9. Index
Preface
This book is divided into four sections. In the first section titled ‘Conceptual Understanding and
Adoption Challenges of Circular Economy Practices’, which includes all the chapters related to
the conceptual understanding and adoption challenges of circular economy (CE) practices. In the
second section titled ‘Achieving Sustainability through Circular Economy Practices’ contains all
the chapters related to achieving sustainability through CE practices. In the third section titled,
‘Applications of Advanced Methods in the Adoption of Circular Economy Practices’ contains all
the chapters where the authors used advanced method in the adoption of CE practices. The last
section is all about ‘Circular Economy and Related Area Practices in Operations Management’.
The brief description of each section as follows.
The section titled ‘Conceptual Understanding and Adoption Challenges of Circular Economy
Practices’ contains three chapters. In the first Chapter 1, Priyanka Sihag, Aastha Dhoopar, Anil
Kumar and Ashok Kumar Suhag discuss that there has been a continuous surge in the research
around the concept of the CE. In today’s world for the organizations to be effective, economic
growth with minimum disruption for the environment has become essential. To address this issue,
various organizations around the globe are switching to a CE wherein the natural resources are
judiciously utilised and the wastage is minimised. In the CE literature, the ‘human side of
organizations’ has seldom converged with the adoption of CE. This chapter aims to demonstrate
how human resource management can contribute towards the adoption of CE. The relationship
between human resources and CE focuses on the economic, social as well as the environmental
dimensions, integrating the concepts of eco-innovation, leadership and top-management
commitment, Green HRM practices and the supremacy of communication in the adoption of CE.
The pivotal role of human resources in the transition towards the CE can be largely attributed to
the stakeholders’ theory and the resource-based view (RBV). The role of human resource
management leads to developing a conceptual framework positioning the CE as a precursor to
organizational sustainability. The recommendations for future research on the CE and the
contribution of HRM towards the smooth transition to the CE are suggested.
To contribute the same section objective, in Chapter 2, Lucas López-Manuel, Fernando León-
Mateos and Antonio Sartal talk that nowadays, society is becoming increasingly aware that there
should be a new production and consumption model so the economy can internalize environmental
and social impacts. As these concerns grow, industries face increasing stakeholder pressure to be
transparent when reporting the environmental and social outcomes of their operations. In this view,
CE initiatives should help minimize energy and raw material consumption while also being
economically viable. The need for change and the challenges it entails are why the concept of
circularity is obtaining collective attention in both the research community and organizations,
, particularly in the manufacturing sector. Our chapter aims to highlight the opportunities and
difficulties of the Industry 4.0 context. Through an analysis of Industry 4.0 technologies and their
relationships, we describe the opportunities some of them offer (e.g. cloud computing, additive
manufacturing, virtualization) to increase circularity in manufacturing processes.
In Chapter 3, Elaine Conway explains that over the last few years, there has been increasing
interest in adopting new business models to respond to major environmental issues facing modern
businesses, such as resource scarcity and rising energy costs. Many businesses are considering
moving to CE-based business models, to reduce their dependence on these scarce resources and to
support more sustainable business in the future. This transition can result in significantly different
revenue streams, issues relating to asset valuations and investment requirements in comparison to
a traditional linear business model that does not use CE principles. The impacts that these changes
could have on the financial reports could be considerable, resulting in investor uncertainty. The
accounting profession needs to consider how to mitigate these impacts and manage the new CE-
based business models in conjunction with the firm’s stakeholders. This chapter discusses the
move to CE business models and their impacts on the financial reports. It also examines the
potential role of integrated reporting (IR) in supporting CE business models, through its focus on
value creation over the long term across a range of six capitals: financial, manufactured,
intellectual, human, social and relationship, and natural.
Section 2 contains all the chapters related to achieving sustainability through CE practices. To
follow this, in Chapter 4, Mahender Singh Kaswan, Rajeev Rathi, and Ammar Vakharia explain
that in the modern era of high competition and climate risks, to remain competitive in the market,
there is an immense need for clean technologies that not only enhance productivity but also reduces
negative environmental impacts. Green manufacturing (GM) is an approach of sustainable
development that improves the material and energy efficiencies and delivers high-quality eco-
friendly products. This chapter outlines the grey areas of the GM right from the necessity to life
cycle assessment, indicators of GM, development of GM system, and sustainable entrepreneurship.
This chapter will facilitate the readers and practitioners to have a comprehensive understanding of
sustainability in the system through the incorporation of the GM approach.
To follow the same section objective, in Chapter 5, Mudita Sinha, Leena N. Fukey discus that
all the major industries are shifting from the linear economy to CE which aims at how the generated
water can be transformed a value adds to the industry by modifying the production and
consumption of the resources. The hospitality industry is also touched by this change. Hospitality
and tourism industry has experienced an extraordinary growth in the recent decade that has
catalyzed the requirement of the hotels which in turn has made people think about the serious issue
of water generation which in the hotels. Kitchen, storage and lodging area of hotels are considered
to generate a large amount of waste and hence makes it one of the primary sources of waste
origination. So, this research focuses on the major difficulties and opportunities that hotels
encounter by adopting this transformation.
In Chapter 6, Shikha Verma and Anukriti Dixit provide an extensive review of the
recommended strategies and solutions presented in the existing literature while exploring the risks
and opportunities associated with remanufacturing practices in the Indian automobile sector, the
authors present a CE framework with potential pathways for innovation through the amalgamation
