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Design of Indicators for Measuring Product Performance in the Circular Economy

  • Percy GriffithsEmail author
  • Steve Cayzer
Conference paper
Part of the Smart Innovation, Systems and Technologies book series (SIST, volume 52)

Abstract

This paper explores measurement of product performance with respect to circular economy principles. Potential indicators are assessed, with special attention given to questions such as: the variables that should be measured; how these variables should be assessed; and in which format they should be presented. The resulting considerations are used to develop a prototype whose design is informed through feedback from Circular Economy experts. The prototype uses a points-based questionnaire which converges into a simple final result with minimum and maximum limits. The selected approach is critically appraised, and its utility for decision-making discussed. The strengths include: ease of use; simplicity; speed; and an effective metaphor for the diffusion of circular economy principles. The limitations include: the opaque and potentially misleading nature of a single metric; superficial engagement with decision making; and the reliance on context specific assumptions. Future developments could include refining the approach to encourage deeper reflection, and generalization of the approach to different industry sectors or sustainability frameworks.

Keywords

Circular economy Metrics 

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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.Department of Mechanical EngineeringUniversity of BathBathUK

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