4th European International Conference on Industrial Engineering and Operations Management

Perspective of Circular Economy in Bangladesh: A Comprehensive Review Towards Ship Demolition Industry

Toukir Ahmed, Sohanul Ahasan & Fariha Nawshin Zaman
Publisher: IEOM Society International
0 Paper Citations
Track: Waste

The circular economy concept (CE) is a manufacturing method that represents regeneration, reparation, restoration by plan. CE is emphasized as an upper-edge national political agenda in China. Meanwhile, it is an apparatus to develop bottom-up ecological, environmental and waste management policies in different regions as European Union, Japan and the USA. Bangladesh is a densely populated country that causes massive waste generation, which can be reused to reduce virgin raw material consumption, leading to economic and environmental amelioration. The review paper is based on factors such as CE Perspective and sustainability, Synergistic and integrative, CE- Digital technology (DT) framework, CE and industrial symbiosis network. This study fills in the blanks of various limitations and offers conceptual clarity with future work scope. It also analyzes the current CE and CE implementation practice in different industrial and agricultural sectors in Bangladesh. In addition, the study includes the CE in the ship demolition industry. It provides some key insights to implement CE, such as adopting suitable technologies, allowing budget & legislation, setting long term plan and profitability & performance test. Finally, a suggestion towards implementing deep neural networking (DNN) in the shipbreaking industry was appeared to create a computational tool for estimating the amount of equipment obtained after a demolition project that can be less time-consuming, more efficient, and profitable.

Published in: 4th European International Conference on Industrial Engineering and Operations Management, Rome, Italy

Publisher: IEOM Society International
Date of Conference: August 2-5, 2021

ISBN: 978-1-7923-6127-2
ISSN/E-ISSN: 2169-8767