IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v11y2019i19p5204-d269854.html
   My bibliography  Save this article

The Redesigning of Tires and the Recycling Process to Maintain an Efficient Circular Economy

Author

Listed:
  • Dan Dobrotă

    (Department of Industrial Engineering and Management, Lucian Blaga Univesity of Sibiu, 550024 Sibiu, Romania)

  • Gabriela Dobrotă

    (Department of Finance and Accounting, Constantin Brâncuși Univesity of Targu Jiu, 210141 Targu Jiu, Romania)

  • Tiberiu Dobrescu

    (Department Robots and Production Systems, Politehnica University of Bucharest, 060042 Bucharest, Romania)

  • Cristina Mohora

    (Department Robots and Production Systems, Politehnica University of Bucharest, 060042 Bucharest, Romania)

Abstract

The redesigning of tires is addressed from two points of view, namely the structure of the materials and the constructive shape of these products. The necessity for research is justified by the fact that even during the product design stage, there may be situations that can irreversibly affect the separation of product components (rubber and insertion), and because it is strictly necessary to achieve the reuse and recycling of waste components. The proposed redesign refers to the inscription of the types of materials that are present in each area on the lateral surface of the tire. Thus, the new redesign has positive effects both economically and socially. To highlight these, a cost-benefit analysis (CBA) has been applied and the net present value (NPV) as well as the internal rate of return (IRR) have been determined for the classic scenario and for the two proposed scenarios. Testing the financial sustainability of the proposed solution was done through sensitivity analysis. An analysis of the new tire design from the point of view of the circular economy was also presented. The results obtained have highlighted the effectiveness of the proposed solution from a technical, economic, social, and protection of the environment point of view.

Suggested Citation

  • Dan Dobrotă & Gabriela Dobrotă & Tiberiu Dobrescu & Cristina Mohora, 2019. "The Redesigning of Tires and the Recycling Process to Maintain an Efficient Circular Economy," Sustainability, MDPI, vol. 11(19), pages 1-21, September.
  • Handle: RePEc:gam:jsusta:v:11:y:2019:i:19:p:5204-:d:269854
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/11/19/5204/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/11/19/5204/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Foroogh Ghasemi & Mohammad Hossein Mahmoudi Sari & Vahidreza Yousefi & Reza Falsafi & Jolanta Tamošaitienė, 2018. "Project Portfolio Risk Identification and Analysis, Considering Project Risk Interactions and Using Bayesian Networks," Sustainability, MDPI, vol. 10(5), pages 1-23, May.
    2. Brandão de Vasconcelos, Ana & Cabaço, António & Pinheiro, Manuel Duarte & Manso, Armando, 2016. "The impact of building orientation and discount rates on a Portuguese reference building refurbishment decision," Energy Policy, Elsevier, vol. 91(C), pages 329-340.
    3. Konstantinos Mantalovas & Gaetano Di Mino, 2019. "The Sustainability of Reclaimed Asphalt as a Resource for Road Pavement Management through a Circular Economic Model," Sustainability, MDPI, vol. 11(8), pages 1-20, April.
    4. Wang, Xiaoyu & Xie, Dejun & Jiang, Jingjing & Wu, Xiaoxia & He, Jia, 2017. "Value-at-Risk estimation with stochastic interest rate models for option-bond portfolios," Finance Research Letters, Elsevier, vol. 21(C), pages 10-20.
    5. Jagannathan, Ravi & Matsa, David A. & Meier, Iwan & Tarhan, Vefa, 2016. "Why do firms use high discount rates?," Journal of Financial Economics, Elsevier, vol. 120(3), pages 445-463.
    6. Vali Asimit & Liang Peng & Ruodu Wang & Alex Yu, 2019. "An efficient approach to quantile capital allocation and sensitivity analysis," Mathematical Finance, Wiley Blackwell, vol. 29(4), pages 1131-1156, October.
    7. David L. Olson & Desheng Dash Wu, 2017. "Value at Risk Models," Springer Texts in Business and Economics, in: Enterprise Risk Management Models, edition 2, chapter 6, pages 75-87, Springer.
    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. Vahidreza Yousefi & Siamak Haji Yakhchali & Jolanta Tamošaitienė, 2019. "Application of Duration Measure in Quantifying the Sensitivity of Project Returns to Changes in Discount Rates," Administrative Sciences, MDPI, vol. 9(1), pages 1-14, February.
    2. Ruili Sun & Tiefeng Ma & Shuangzhe Liu & Milind Sathye, 2019. "Improved Covariance Matrix Estimation for Portfolio Risk Measurement: A Review," JRFM, MDPI, vol. 12(1), pages 1-34, March.
    3. Chen, Rongda & Zhou, Hanxian & Yu, Lean & Jin, Chenglu & Zhang, Shuonan, 2021. "An efficient method for pricing foreign currency options," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 74(C).
    4. David Souder & Greg Reilly & Philip Bromiley & Scott Mitchell, 2016. "A Behavioral Understanding of Investment Horizon and Firm Performance," Organization Science, INFORMS, vol. 27(5), pages 1202-1218, October.
    5. Denuit, Michel & Robert, Christian Y., 2021. "Efron’s asymptotic monotonicity property in the Gaussian stable domain of attraction," Journal of Multivariate Analysis, Elsevier, vol. 186(C).
    6. Younghoon Kwak & Jeonga Kang & Sun-Hye Mun & Young-Sun Jeong & Jung-Ho Huh, 2020. "Development and Application of a Flexible Modeling Approach to Reference Buildings for Energy Analysis," Energies, MDPI, vol. 13(21), pages 1-22, November.
    7. Chi, Fang'ai & Zhang, Jianxun & Li, Gaomei & Zhu, Zongzhou & Bart, Dewancker, 2019. "An investigation of the impact of Building Azimuth on energy consumption in sizhai traditional dwellings," Energy, Elsevier, vol. 180(C), pages 594-614.
    8. Hoang, Daniel & Gatzer, Sebastian & Ruckes, Martin E., 2018. "The economics of capital allocation in firms: Evidence from internal capital markets," Working Paper Series in Economics 115, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    9. Runhuan Feng & Chongda Liu & Stephen Taylor, 2023. "Peer-to-peer risk sharing with an application to flood risk pooling," Annals of Operations Research, Springer, vol. 321(1), pages 813-842, February.
    10. Blondiau, Yuliya & Reuter, Emmanuelle, 2019. "Why is the grass greener on the other side? Decision modes and location choice by wind energy investors," Journal of Business Research, Elsevier, vol. 102(C), pages 44-55.
    11. David Johnstone & Steve Tulig, 2022. "Hamada’s equation and the beta of debt under CAPM," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(2), pages 2385-2399, June.
    12. Konstantinos Mantalovas & Gaetano Di Mino & Ana Jimenez Del Barco Carrion & Elisabeth Keijzer & Björn Kalman & Tony Parry & Davide Lo Presti, 2020. "European National Road Authorities and Circular Economy: An Insight into Their Approaches," Sustainability, MDPI, vol. 12(17), pages 1-19, September.
    13. Badir Yousif Rafee Alharmoodi & Muhammad Modi Lakulu, 2022. "The Formulation and Validation of a Conceptual Framework for the Transition from E-government to M-government," European Journal of Interdisciplinary Studies Articles, Revistia Research and Publishing, vol. 8, January -.
    14. Zhu, Tong & Curtis, John & Clancy, Matthew, 2023. "Modelling barriers to low-carbon technologies in energy system analysis: The example of renewable heat in Ireland," Applied Energy, Elsevier, vol. 330(PA).
    15. Bhardwaj, Chandan & Axsen, Jonn & McCollum, David, 2022. "Which “second-best” climate policies are best? Simulating cost-effective policy mixes for passenger vehicles," Resource and Energy Economics, Elsevier, vol. 70(C).
    16. Márta Somogyvári, 2018. "Ethical Aspects of Intertemporal Discounting and the Social Discount Rate," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 17(3), pages 109-132.
    17. Younghoon Kwak & Jeong-A Kang & Jung-Ho Huh & Tae-Hyoung Kim & Young-Sun Jeong, 2019. "An Analysis of the Effectiveness of Greenhouse Gas Reduction Policy for Office Building Design in South Korea," Sustainability, MDPI, vol. 11(24), pages 1-25, December.
    18. Jifeng Cao & Cheng Ma, 2022. "Procurement Strategies and Auction Mechanism for Heterogeneous Service Providers in a Service Supply Chain," Sustainability, MDPI, vol. 14(15), pages 1-36, July.
    19. Jilber Urbina & Miguel Santolino & Montserrat Guillen, 2021. "Covariance Principle for Capital Allocation: A Time-Varying Approach," Mathematics, MDPI, vol. 9(16), pages 1-13, August.
    20. Michi Nishihara, 2022. "Corporate sustainability, investment, and capital structure," Discussion Papers in Economics and Business 22-05, Osaka University, Graduate School of Economics.

    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:gam:jsusta:v:11:y:2019:i:19:p:5204-:d:269854. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.