Circular economy

Question 1

what three features does servicizing have?

Answer 1

1. The manufacturer sells its product’s functionality,
   but not the product itself, to the customer.
   –>The manufacturer maintains ownership of the product it
   manufacturers. Ownership of the asset never transfers to another party
2. The customer pays a fee to the manufacturer based solely on product usage (i.e., pay per use).
3. The manufacturer maintains and repairs its products at no additional cost to the customer.

Question 2

How does servicizing promote sustainability?

Answer 2

1. encourages manufacturers to build things more durably/that last
2. discourages use among consumers
3. can help with end of life (the manufacturer knows how to properly recycle/take care of it, can also repair it instead of throwing away)

Question 3

what are the three levels of ambition in the circular economy

Answer 3

1. reducing waste
2. eliminating waste
3. eliminating the concept of waste (like nature does for example)

Question 4

what are the 7 steps of eco-efficiency

Answer 4

1. Reduce material requirements of goods and services
2. Reduce energy inputs to goods and services
3. Reduce toxic dispersion
4. Enhance material recyclability
5. Extend product durability

6.Increase service intensity of
goods and services

7.Maximize sustainable use of renewable resource

Question 5

10 R’s (must be in order)

Answer 5

0. Refuse
1. Rethink
2. Reduce
3. Reuse
4. Repair
5. Refurbish
6. Remanufacture

7.Repurpose

8. Recycle
9. Recover

Question 6

how can we use nature as a model?

Answer 6

• biomimicry

- waste = food

Question 7

what are the business models for the circular economy

Answer 7

• servicizing

- 10 R’s (in order)