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Circular Economy: The Bridge Between Life Cycle Assessment and Competitive Advantages

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The 17th International Conference Interdisciplinarity in Engineering (Inter-ENG 2023)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 926))

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Abstract

Companies that fail to priorities sustainability may encounter several hazards that have significant implications for their long-term viability. On the other hand, prioritizing sustainability may provide organizations with a competitive advantage. The objective of our study is to investigate the link between life cycle assessment (LCA) and competitive advantages. The present study employs a qualitative approach to evaluate scientific resources, including specialized internet databases like Web of Science, Scopus, and Google Scholar. The primary aims of this study are to conduct a comprehensive analysis of scholarly literature pertaining to key sustainability concepts, including life cycle assessment, design for environment, design for sustainability, and design for circularity. The output of this research is a diagram, which graphically represents the connections between all relevant topics that are based on the core concept of LCA and generate competitive advantages. Life Cycle Assessment (LCA) in facilitates the development of ecologically responsible goods. However, it is important to note that achieving genuine sustainability requires consideration of social factors in addition to environmental considerations. Additionally, the adoption of circular economy concepts highlights the significance of comprehensive design, which seeks to create goods that not only reduce ecological harm but also take into account their end-of-life circumstances. The circular economy is characterized by the emergence of innovation and cooperation, which serve as a mean to get a competitive edge. Therefore, Circular Economy establishes a connection between Life Cycle Assessment (LCA) and competitive advantages.

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Author information

Authors and Affiliations

  1. Politehnica University of Timisoara, Piata Victoriei 2, 300006, Timisoara, Romania

    Timea Cisma, Andrei Agache, Alexandra Coroian & Larisa Ivascu

  2. Romania Academy of Scientists, Ilfov Street 3, 050044, Bucharest, Romania

    Larisa Ivascu

Authors
  1. Timea Cisma
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  2. Andrei Agache
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  3. Alexandra Coroian
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  4. Larisa Ivascu
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Corresponding author

Correspondence to Timea Cisma .

Editor information

Editors and Affiliations

  1. Faculty of Engineering, “George Emil Palade” University of Medicine, Pharmacy, Science and Technology, Târgu Mureș, Romania

    Liviu Moldovan

  2. Faculty of Engineering, “George Emil Palade” University of Medicine, Pharmacy, Science and Technology, Târgu Mureș, Romania

    Adrian Gligor

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Cisma, T., Agache, A., Coroian, A., Ivascu, L. (2024). Circular Economy: The Bridge Between Life Cycle Assessment and Competitive Advantages. In: Moldovan, L., Gligor, A. (eds) The 17th International Conference Interdisciplinarity in Engineering. Inter-ENG 2023. Lecture Notes in Networks and Systems, vol 926. Springer, Cham. https://doi.org/10.1007/978-3-031-54664-8_35

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  • DOI: https://doi.org/10.1007/978-3-031-54664-8_35

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  • Publisher Name: Springer, Cham

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  • Online ISBN: 978-3-031-54664-8

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