IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2024v5p336-340.html
   My bibliography  Save this article

Circular Economy And Sustainability Supported By Different Information Technology Models

Author

Listed:
  • STEVOVIC IVAN

    (INNOVATION CENTRE OF THE FACULTY OF MECHANICAL ENGINEERING, UNIVERSITY OF BELGRADE, BELGRADE, REPUBLIC OF SERBIA)

  • HADROVIC SABAHUDIN

    (INSTITUTE OF FORESTRY, KNEZAVISESLAVA 3, BELGRADE, REPUBLIC OF SERBIA)

  • JOVANOVIC MIHAILO

    (FACULTY OF MANAGEMENT HERCEG NOVI, MELJINE, ADRIATIC UNIVERSITY BAR, MONTENEGRO)

Abstract

The Information technologies (IT) have a crucial role in the integration of main environmental challenges and criteria in circular economy.Sustainable developmentstays the paradigm of all processes and systems. This paper presents a comprehensive review of the role of IT in advancing circular economy principles and fostering sustainable development practices. Information technologies such as big data analytics, Internet of Things (IoT), blockchain, and artificial intelligence(AI) are examined for their potential to optimize resource management, enhance supply chain transparency, and facilitate the transition towards a circular economy model. Moreover, the paper explores how IT solutions contribute to sustainable production and consumption patterns, enabling businesses and consumers to make informed decisions that minimize negative environmental impact. Additionally, the synergies between IT and renewable energy systems are discussed, highlighting their combined potential to drive sustainable development initiatives. Furthermore, the challenges and opportunities associated with the application of IT in the context of circular economy and sustainable development are outlined, emphasizing the need for interdisciplinary collaboration and policy support. Overall, this review paper underscores the pivotal role of information technologies in promoting circularity, resource efficiency, and environmental stewardship within the framework of sustainable development.

Suggested Citation

  • Stevovic Ivan & Hadrovic Sabahudin & Jovanovic Mihailo, 2024. "Circular Economy And Sustainability Supported By Different Information Technology Models," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 336-340, October.
  • Handle: RePEc:cbu:jrnlec:y:2024:v:5:p:336-340
    as

    Download full text from publisher

    File URL: https://www.utgjiu.ro/revista/ec/pdf/2024-05/36_Stevovic.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Raza, Muhammad Ali & Yousif, Muhammad & Hassan, Muhammad & Numan, Muhammad & Abbas Kazmi, Syed Ali, 2023. "Site suitability for solar and wind energy in developing countries using combination of GIS- AHP; a case study of Pakistan," Renewable Energy, Elsevier, vol. 206(C), pages 180-191.
    2. Stevovic, Ivan & Mirjanic, Dragoljub & Petrovic, Natasa, 2021. "Integration of solar energy by nature-inspired optimization in the context of circular economy," Energy, Elsevier, vol. 235(C).
    3. Konstantinos Demestichas & Emmanouil Daskalakis, 2020. "Information and Communication Technology Solutions for the Circular Economy," Sustainability, MDPI, vol. 12(18), pages 1-19, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Qinglan Liu & Longjian Yang & Miying Yang, 2021. "Digitalisation for Water Sustainability: Barriers to Implementing Circular Economy in Smart Water Management," Sustainability, MDPI, vol. 13(21), pages 1-28, October.
    2. Muhammad Bilal Ali & Syed Ali Abbas Kazmi & Abdullah Altamimi & Zafar A. Khan & Mohammed A. Alghassab, 2023. "Decarbonizing Telecommunication Sector: Techno-Economic Assessment and Optimization of PV Integration in Base Transceiver Stations in Telecom Sector Spreading across Various Geographically Regions," Energies, MDPI, vol. 16(9), pages 1-34, April.
    3. Syed Abdul Rehman Khan & Arsalan Zahid Piprani & Zhang Yu, 2022. "Digital technology and circular economy practices: future of supply chains," Operations Management Research, Springer, vol. 15(3), pages 676-688, December.
    4. Wishal Naveed & Majsa Ammouriova & Noman Naveed & Angel A. Juan, 2022. "Circular Economy and Information Technologies: Identifying and Ranking the Factors of Successful Practices," Sustainability, MDPI, vol. 14(23), pages 1-18, November.
    5. Abderahman Rejeb & Karim Rejeb & John G. Keogh & Suhaiza Zailani, 2022. "Barriers to Blockchain Adoption in the Circular Economy: A Fuzzy Delphi and Best-Worst Approach," Sustainability, MDPI, vol. 14(6), pages 1-23, March.
    6. Răzvan-Andrei Corboș & Ovidiu-Iulian Bunea & Daniel-Constantin Jiroveanu, 2023. "The Effects of Strategic Procurement 4.0 Performance on Organizational Competitiveness in the Circular Economy," Logistics, MDPI, vol. 7(1), pages 1-17, February.
    7. Kınas, Zeynep & Karabiber, Abdulkerim & Yar, Adem & Ozen, Abdurrahman & Ozel, Faruk & Ersöz, Mustafa & Okbaz, Abdulkerim, 2022. "High-performance triboelectric nanogenerator based on carbon nanomaterials functionalized polyacrylonitrile nanofibers," Energy, Elsevier, vol. 239(PD).
    8. Wei, Jiping & Zhou, Jing & Cheng, Zhangfan, 2023. "Role of E-marketing of mineral products in achieving sustainability," Resources Policy, Elsevier, vol. 86(PA).
    9. José María Martín Martín & Sara Calvo Martínez & José Manuel Guaita Martínez & Domingo Enrique Ribeiro Soriano, 2022. "RETRACTED ARTICLE: Qualitative analysis on the driving force behind upcycling practices associated with mobile applications: Circular economy perspective," Operations Management Research, Springer, vol. 15(3), pages 647-661, December.
    10. Helen Onyeaka & Phemelo Tamasiga & Uju Mary Nwauzoma & Taghi Miri & Uche Chioma Juliet & Ogueri Nwaiwu & Adenike A. Akinsemolu, 2023. "Using Artificial Intelligence to Tackle Food Waste and Enhance the Circular Economy: Maximising Resource Efficiency and Minimising Environmental Impact: A Review," Sustainability, MDPI, vol. 15(13), pages 1-20, July.
    11. Ewart, M. & Santos, J. & Pacheco, A. & Monteiro, J. & Sequeira, C., 2023. "On a new method to design solar photovoltaic systems in renewable energy communities: The case of Culatra Island (Ria Formosa, Portugal)," Energy, Elsevier, vol. 285(C).
    12. Hosseini Dehshiri, Seyyed Shahabaddin & Firoozabadi, Bahar, 2024. "Comprehensive framework on wind energy: A sustainable site selection under uncertainty and reliability, layout optimization and 7E analysis," Applied Energy, Elsevier, vol. 373(C).
    13. Katherine Mansilla-Obando & Fabiola Jeldes-Delgado & Nataly Guiñez-Cabrera, 2022. "Circular Economy Strategies with Social Implications: Findings from a Case Study," Sustainability, MDPI, vol. 14(20), pages 1-16, October.
    14. Aşkın, Asmin & Kılkış, Şiir & Akınoğlu, Bülent Gültekin, 2023. "Recycling photovoltaic modules within a circular economy approach and a snapshot for Türkiye," Renewable Energy, Elsevier, vol. 208(C), pages 583-596.
    15. Chauhan, Chetna & Parida, Vinit & Dhir, Amandeep, 2022. "Linking circular economy and digitalisation technologies: A systematic literature review of past achievements and future promises," Technological Forecasting and Social Change, Elsevier, vol. 177(C).
    16. Natasa Djalic & Milan Nikolic & Mihalj Bakator & Zivko Erceg, 2021. "Modeling the Influence of Information Systems on Sustainable Business Performance and Competitiveness," Sustainability, MDPI, vol. 13(17), pages 1-24, August.
    17. Wang, Xue-Chao & Jiang, Peng & Yang, Lan & Fan, Yee Van & Klemeš, Jiří Jaromír & Wang, Yutao, 2021. "Extended water-energy nexus contribution to environmentally-related sustainable development goals," Renewable and Sustainable Energy Reviews, Elsevier, vol. 150(C).
    18. Rocio de la Torre & Bhakti S. Onggo & Canan G. Corlu & Maria Nogal & Angel A. Juan, 2021. "The Role of Simulation and Serious Games in Teaching Concepts on Circular Economy and Sustainable Energy," Energies, MDPI, vol. 14(4), pages 1-21, February.
    19. Saleh Md. Arman & Cecilia Mark-Herbert, 2021. "Re-Commerce to Ensure Circular Economy from Consumer Perspective," Sustainability, MDPI, vol. 13(18), pages 1-18, September.
    20. Nimni Pannila & Madushan Madhava Jayalath & Amila Thibbotuwawa & Izabela Nielsen & T.G.G. Uthpala, 2022. "Challenges in Applying Circular Economy Concepts to Food Supply Chains," Sustainability, MDPI, vol. 14(24), pages 1-24, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2024:v:5:p:336-340. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae The email address of this maintainer does not seem to be valid anymore. Please ask Ecobici Nicolae to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.