Adaptive management for circular economy

Authors

  • V. Y. Shvets Director of the Institute of Economics, State Higher Educational Institution “National Mining University”, Dmytra Yavornytskoho Av. 19, 49600, Dnipro, Ukraine, Ukraine
  • L. L. Palekhova Institute of Economics, State Higher Educational Institution “National Mining University”, Dmytra Yavornytskoho Av. 19, 49600, Dnipro, Ukraine, Ukraine
  • D. L. Palekhov Brandenburg University of Technology (BTU) Cottbus-Senftenberg, Erich-Weinert-Str. 1, 03046, Cottbus, Germany, Germany

Keywords:

circular economy, adaptive management, sustainable development, voluntary sustainability standards.

Abstract

Purpose. The purpose of the presented research is to explore the potential of adaptive management for introducing the circular production principles under conditions of transitional economy. Methodology. The systems thinking approach allowed to analyse the domain of circular economy and to identify the main tasks of adaptive management aimed at introducing the circularity principles by industrial enterprises. Findings. The study examined the problem of the circular economy management in the context of transition to sustainable production and consumption. The authors demonstrated a need for the adoption of the adaptive management methods by producers, identified the main areas of their application and discussed particular aspects of their procedures relevant for the objectives of circular economy. Originality. The study reviewed the scientific concept and practical application of the adaptive management in the context of sustainable development and analysed its potential for the circular economy in transitional economies. Practical value. The suggested system of adaptive management may be useful for the planning of activities aimed at strengthening the capacity of the circular economy, as well as for the formation of competitive advantages on industrial markets.

Author Biographies

V. Y. Shvets, Director of the Institute of Economics, State Higher Educational Institution “National Mining University”, Dmytra Yavornytskoho Av. 19, 49600, Dnipro, Ukraine

Dr. Sc. (Econ.), Prof.

L. L. Palekhova, Institute of Economics, State Higher Educational Institution “National Mining University”, Dmytra Yavornytskoho Av. 19, 49600, Dnipro, Ukraine

Cand. Sci. (Econ.), Assoc. Prof.

D. L. Palekhov, Brandenburg University of Technology (BTU) Cottbus-Senftenberg, Erich-Weinert-Str. 1, 03046, Cottbus, Germany

Cand. Sci. (Law), PhD

References

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Published

2017-04-25

Issue

Section

Creating of high-tech ecological complexes of Ukraine based on the concept of balance (stable) development