Circular economy strategy and its application in the industrial sector

Lorenz Martin Ehinger

Master's thesis

Strategy in the circular economy and its application in the industrial sector

Abstract:

In the awe of an accelerating climate change, circular economy is becoming an increasing topic of interest both for public and private decision-makers as well as research. The goal of this thesis goal is to determine how biofuel producers can optimize reverse logistics in a circular economy to produce biofuels from used cooking oil using linear programming. The theoretical part provides a concise overview of circular economy, its definition, the legislative framework and national applications and progress in member states of the European Union. It further outlines the topic of biofuels, especially hydrotreated vegetable oils, their production and relevant policies and concludes with supply chain management in the circular economy. The practical part provides a framework within the model of linear programming to optimize reverse logistics The mathematical models within the framework serve as a decision-making aid to determine the cost-optimal supply, minimize distribution distance and maximize supply.

Abstract:

In the awe of an accelerating climate change, circular economy is becoming an increasing topic of interest both for public and private decision-makers as well as research. The goal of this thesis goal is to determine how biofuel producers can optimize reverse logistics in a circular economy to produce biofuels from used cooking oil using linear programming. The theoretical part provides a concise overview of circular economy, its definition, the legislative framework and national applications and progress in member states of the European Union. It further outlines the topic of biofuels, especially hydrotreated vegetable oils, their production and relevant policies and concludes with supply chain management in the circular economy. The practical part provides a framework within the model of linear programming to optimize reverse logistics The mathematical models within the framework serve as a decision-making aid to determine the cost-optimal supply, minimize distribution distance and maximize supply.

Keywords

Circular Economy, Reverse Logistics, Biofuels, Linear Programming

Keywords

Circular Economy, Biofuels, Reverse Logistics, Linear Programming

Language used: English

Date on which the thesis was submitted / produced: 14. 5. 2023

Thesis defence

• Date of defence: 5. 6. 2023
• Supervisor: Vladimír Hönig
• Reader: Petr Procházka

Vysoká škola ekonomická v Praze

Master programme:
Management