Abstract
Due to the limited resources available, the sharing economy appears as a potential attempt for economic progress. Modern technology instruments and an information component are used in the current trend, in contrast to traditional techniques of product reuse or recycling. The Internet of Things (IoT) would be the primary instrument for integrating Economic Community (EC) into technology. The foundation for realizing the shared vision of EC and IoT is proposed in this study. Production times can be increased, and green innovation strategies have been successfully applied, to maintain, repair, or to produce. When the corporation changes the system, retirees can be sold to startups or donated to developing nations. The overall strategy lengthens the lifespan of properly maintained electronic assets for both the participating businesses and the corporation being investigated. Recycling companies might keep connected to the supplier network as well as the condition of the resources to decide on their investment strategy at the end-user, assisting in the solution of the problem of electronic waste produced in developing nations.
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This article is part of the topical collection “Research Trends in Computational Intelligence” guest edited by Anshul Verma, Pradeepika Verma, Vivek Kumar Singh and S. Karthikeyan.
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Stephen, A., Prasad, A.B., Dhal, P.K. et al. Median Economic Community Framework for Waste Management Using IoT. SN COMPUT. SCI. 4, 697 (2023). https://doi.org/10.1007/s42979-023-02123-2
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DOI: https://doi.org/10.1007/s42979-023-02123-2