Demand-supply matching through auctioning for the circular economyShow others and affiliations
2021 (English)In: 10th CIRP Sponsored Conference on Digital Enterprise Technologies (DET 2020) – Digital Technologies as Enablers of Industrial Competitiveness and Sustainability / [ed] Jozsef Vancza; Paul Maropoulos, Elsevier, 2021, p. 82-87Conference paper, Published paper (Refereed)
Abstract [en]
The circular economy aims to reduce the consumption of resources and energy by exploiting multiple use-cycles of components and materials. The creation of new circular businesses hinges on efficient alignment between market demands of circular products with the supply of End-of-life components and materials. In this paper, we address the digitization of a matchmaking tool for the circular economy by defining demand-supply matching (DSM) in context of business link identification and cross-sectorial matchmaking. We further specify a DSM process and p resent our DSM tool, which facilitates publication and search for supplier offerings and demander needs, selection of auctioning candidates, and digitized auctioning and contract definition. By that, this tool supports the alignment of market demands with matching supply offerings. In particular, it combines the steps of publishing, searching, selecting, auctioning and contract definition into one tool, which we argue can make matchmaking more efficient compared to addressing these steps separately. Finally, we present the design of the tool and discuss its merits in light of the needed acceptance for automating business link identification and contractual interactions.
Place, publisher, year, edition, pages
Elsevier, 2021. p. 82-87
Series
Procedia Manufacturing, E-ISSN 2351-9789 ; 54
Keywords [en]
business link identification, demand-supply matching, contractual agreements, circular economy, auctioning, cross-sector collaboration
National Category
Information Systems
Research subject
Cyber-Physical Systems
Identifiers
URN: urn:nbn:se:ltu:diva-87070DOI: 10.1016/j.promfg.2021.07.013ISI: 000947141900014Scopus ID: 2-s2.0-85113710316OAI: oai:DiVA.org:ltu-87070DiVA, id: diva2:1593757
Conference
10th International Conference on Digital Enterprise Technology (DET 2020), Budapest, Hungary, 12-14 October, 2020
Funder
EU, Horizon 2020, 8731112021-09-142021-09-142024-11-20Bibliographically approved