The impacts of sustainability, extended producer responsibility and the circular economy on product pricing models
Journal article
Takhar, Sukhraj and Liyanage, Kapila 2019. The impacts of sustainability, extended producer responsibility and the circular economy on product pricing models. International Journal of Commerce and Management Research.
| Authors | Takhar, Sukhraj and Liyanage, Kapila |
|---|---|
| Abstract | This paper examines product pricing in relation to Sustainability, Extended Producer Responsibility and the Circular Economy. Traditional linear economic systems focus on the use of mass production techniques to achieve the most competitively priced products on the marketplace. This in turn requires a large volume of resources to be consumed. The linear economic system is based on a closed loop system, where resources are used in product manufacture, and then used consumed by end user(s), to finally becoming waste products. Increasing consumption of natural resources, led to the evolution of (1) sustainability measures aimed at ensuring producers utilized more sustainable resources; (2) extended producer responsibility (EPR) schemes which placed burdens on producers to bear an economic cost for recovery and recycling activities for products they manufactured, and; (3) the circular economy, which sees producers encouraged to design products which use resources which are capable of being used by the r-imperatives. The results show implementing sustainability, EPR and the circular economy measures do impact costs and product prices. |
| Keywords | product pricing model, extended producer responsibility, circular economy, sustainability, business strategy |
| Year | 2019 |
| Journal | International Journal of Commerce and Management Research |
| Publisher | Gupta Publications |
| ISSN | 24551627 |
| Web address (URL) | http://hdl.handle.net/10545/623961 |
| http://creativecommons.org/licenses/by-sa/3.0/us/ | |
| hdl:10545/623961 | |
| Publication dates | Jul 2019 |
| Publication process dates | |
| Deposited | 04 Jul 2019, 11:36 |
| Accepted | 05 May 2019 |
| Rights | Attribution-ShareAlike 3.0 United States |
| Contributors | Department of Mechanical Engineering & the Built Environment |
| File | File Access Level Open |
| File | File Access Level Open |
| File | File Access Level Open |
Permalink -
https://repository.derby.ac.uk/item/9550x/the-impacts-of-sustainability-extended-producer-responsibility-and-the-circular-economy-on-product-pricing-models
Download files
108
total views40
total downloads3
views this month0
downloads this month
Export as
Related outputs
Integration of Industry 4.0 to the CBM practices of the O&G upstream sector in Nigeria
Chinedu Onyeme and Kapila Liyanage 2024. Integration of Industry 4.0 to the CBM practices of the O&G upstream sector in Nigeria. International Journal of Quality & Reliability Management. pp. 1-36. https://doi.org/10.1108/ijqrm-11-2022-0323An Industry 4.0 Maturity and Readiness for ConditionBased Maintenance in O&G Companies: a Delphi StudyBased Approach for Development and Validation
Liyanage, K. and Onyeme, C. 2023. An Industry 4.0 Maturity and Readiness for ConditionBased Maintenance in O&G Companies: a Delphi StudyBased Approach for Development and Validation . 6th European Conference on Industrial Engineering and Operations Management. IEOM Society.
Empowering digital supply chain transformation by utilizing Industry 4.0, Smart Factories, Standards, Smart Contracts and Blockchains
Takhar, Sukhraj 2022. Empowering digital supply chain transformation by utilizing Industry 4.0, Smart Factories, Standards, Smart Contracts and Blockchains.A Systematic Literature Review of the Concept of Circular Economic Readiness and a Proposed Circular Economy Readiness Scale
Waring, C. and Liyanage, K. 2022. A Systematic Literature Review of the Concept of Circular Economic Readiness and a Proposed Circular Economy Readiness Scale . 19 International Conference on Manufacturing Research. University of Derby 06 Sep - 08 Dec 2022 IOS Press. https://doi.org/10.3233/ATDE220598Systematic Literature Review of Industry 4.0 Implementation Frameworks Focussing on Applicability in Manufacturing SMEs
Denning, J. and Liyanage, K. 2022. Systematic Literature Review of Industry 4.0 Implementation Frameworks Focussing on Applicability in Manufacturing SMEs. 19 International Conference on Manufacturing Research. University of Derby 06 Sep - 08 Dec 2022 IOS Press. https://doi.org/10.3233/ATDE220559Sustainability assessment of electricity generation technologies: a transition pathway for Pakistan
Rizvi, S., M., A, H., Bastas, A. and Liyanage, K. 2022. Sustainability assessment of electricity generation technologies: a transition pathway for Pakistan. International Journal of Sustainable Energy . 44 (9), pp. 1215-1236. https://doi.org/10.1080/14786451.2022.2039141A Systematic Review of Industry 4.0 Maturity Models: Applicability in the O&G Upstream Industry
Onyeme, C. and Liyanage, K. 2022. A Systematic Review of Industry 4.0 Maturity Models: Applicability in the O&G Upstream Industry. World Journal of Engineering. https://doi.org/10.1108/WJE-12-2021-0689Navigating Supply Chain Multiverses: The colliding worlds of ESG and Product Compliance Reporting, implications for reporting across global supply chains
Takhar, S. 2022. Navigating Supply Chain Multiverses: The colliding worlds of ESG and Product Compliance Reporting, implications for reporting across global supply chains. American Chemical Society’s Green Chemistry Institute (ACS GCI): 26th Green Chemistry & Engineering Conference. American Chemical Society’s Green Chemistry Institute (ACS GCI).The Effect of Chemical Regulations on the Aerospace and Defence Industries
Takhar, S. 2022. The Effect of Chemical Regulations on the Aerospace and Defence Industries. PhD Thesis University of Derby College of Science and EngineeringRegulating Product Sustainability
Takhar, Raj and Takhar, Sukhraj 2021. Regulating Product Sustainability. The Parliamentary Office of Science and Technology.Transforming product labels using digital technologies to enable enhanced traceability and management of hazardous chemicals
Takhar, Sukhraj and Liyanage, Kapila 2021. Transforming product labels using digital technologies to enable enhanced traceability and management of hazardous chemicals. Inderscience. https://doi.org/10.1504/IJSCOR.2021.115550Realignment of Product Stewardship towards Chemical Regulations, the Circular Economy and Corporate Social Responsibility – a Delphi Study
Liyanage, Kapila and Takhar, Sukhraj 2021. Realignment of Product Stewardship towards Chemical Regulations, the Circular Economy and Corporate Social Responsibility – a Delphi Study. Sepuluh Nopember Institute of Technology (ITS). https://doi.org/10.31387/oscm0460309Blockchain application in supply chain chemical substance reporting - a Delphi study
Takhar, Sukhraj Singh and Liyanage, Kapila 2021. Blockchain application in supply chain chemical substance reporting - a Delphi study. International Journal of Internet Technology and Secured Transactions. https://doi.org/10.1504/IJITST.2021.112871The impact of industry 4.0 on sustainability and the circular economy reporting requirements
Takhar, Sukhraj and Liyanage, Kapila 2020. The impact of industry 4.0 on sustainability and the circular economy reporting requirements. International Journal of Integrated Supply Management (IJISM). https://doi.org/10.1504/IJISM.2020.107845Supply chain traceability of substances of concern across the electronics supply chain
Takhar, Sukhraj 2019. Supply chain traceability of substances of concern across the electronics supply chain. IPC Electronics.Descriptive framework for simulation-aided sustainability decision-making: a delphi study
Gbededo, Mijoh A and Liyanage, Kapila 2020. Descriptive framework for simulation-aided sustainability decision-making: a delphi study. Sustainable Production and Consumption. https://doi.org/10.1016/j.spc.2020.02.006Value chain impacts of EU waste framework directive 2018/851 as a result of reporting substances of very high concern from 2021
Takhar, Sukhraj and Liyanage, Kapila 2019. Value chain impacts of EU waste framework directive 2018/851 as a result of reporting substances of very high concern from 2021. University of Cambridge.Understanding the implications of chemical regulations, circular economy and corporate social responsibility for product stewardship
Takhar, Sukhraj and Liyanage, Kapila 2019. Understanding the implications of chemical regulations, circular economy and corporate social responsibility for product stewardship. in: IOS Press.Setting a framework for organisational sustainable development
Liyanage, Kapila and Bastas, Ali 2019. Setting a framework for organisational sustainable development. Sustainable Production and Consumption. https://doi.org/10.1016/j.spc.2019.06.005Framework for a chemical substance reporting system.
Takhar, Sukhraj and Liyanage, Kapila 2018. Framework for a chemical substance reporting system. Advances in Science, Technology and Engineering Systems Journal. https://doi.org/10.25046/aj030553ISO 9001 and supply chain integration principles based sustainable development: a Delphi study.
Bastas, Ali and Liyanage, Kapila 2018. ISO 9001 and supply chain integration principles based sustainable development: a Delphi study. Sustainability. https://doi.org/10.3390/su10124569Blockchain application in supply chain chemical substance reporting.
Takhar, Sukhraj and Liyanage, Kapila 2018. Blockchain application in supply chain chemical substance reporting. University of Cambridge.Integrated quality and supply chain management business diagnostics for organizational sustainability improvement.
Bastas, Ali and Liyanage, Kapila 2018. Integrated quality and supply chain management business diagnostics for organizational sustainability improvement. Sustainable Production and Consumption. https://doi.org/10.1016/j.spc.2018.09.001The impact of Industry 4.0 on supply chains and sustainability.
Takhar, Sukhraj and Liyanage, Kapila 2018. The impact of Industry 4.0 on supply chains and sustainability.Identification and alignment of the social aspects of sustainable manufacturing with the theory of motivation.
Gbededo, Mijoh and Liyanage, Kapila 2018. Identification and alignment of the social aspects of sustainable manufacturing with the theory of motivation. Sustainability. https://doi.org/10.3390/su10030852Towards a life cycle sustainability analysis: A systematic review of approaches to sustainable manufacturing.
Gbededo, Mijoh Ayodele, Liyanage, Kapila and Garza-Reyes, Jose Arturo 2018. Towards a life cycle sustainability analysis: A systematic review of approaches to sustainable manufacturing. Journal of Cleaner Production. https://doi.org/10.1016/j.jclepro.2018.02.310Framework for a chemical substance reporting system.
Takhar, Sukhraj and Liyanage, Kapila 2018. Framework for a chemical substance reporting system.Sustainable supply chain quality management: A systematic review.
Bastas, Ali and Liyanage, Kapila 2018. Sustainable supply chain quality management: A systematic review. Journal of Cleaner Production. https://doi.org/10.1016/j.jclepro.2018.01.110Competitive product pricing extended producer responsibility and the circular economy.
Takhar, Sukhraj and Liyanage, Kapila 2018. Competitive product pricing extended producer responsibility and the circular economy. Institute of Research, Learning and Development.A chemical substance reporting system for manufacturing companies
Takhar, Sukhraj and Liyanage, Kapila 2017. A chemical substance reporting system for manufacturing companies.Top down or bottom up? – Supply chain engagement for material compliance reporting
Takhar, Sukhraj and Liyanage, Kapila 2017. Top down or bottom up? – Supply chain engagement for material compliance reporting. IEEE.Sustainable manufacturing assessment: Approach and the trend towards life cycle sustainability analysis
Gbededo, Mijoh Ayodele and Liyanage, Kapila 2017. Sustainable manufacturing assessment: Approach and the trend towards life cycle sustainability analysis.Methodology for rapid identification and collection of input data in the simulation of manufacturing systems
Perera, Terrence and Liyanage, Kapila 2000. Methodology for rapid identification and collection of input data in the simulation of manufacturing systems. Simulation Practice and Theory. https://doi.org/10.1016/S0928-4869(99)00020-8IDEF based methodology for rapid data collection
Perera, Terrence and Liyanage, Kapila 2001. IDEF based methodology for rapid data collection. Integrated Manufacturing Systems. https://doi.org/10.1108/09576060110391147Profitability through cleaner production
Peiris, V. R. Sena, Liyanage, Kapila and Jatunarachchi, Sumudu Sajeewareka 2006. Profitability through cleaner production. Proceedings of International Conference on Business Management.Methodologies for data collection and model documentation in computer simulation
Liyanage, Kapila 2005. Methodologies for data collection and model documentation in computer simulation. International Journal of the Computer, the Internet and Management.