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Author: search.filters.author.Akkalatham, WareerathSubject: search.filters.subject.Circular economy

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    The impact of government policies and steel recycling companies' performance on sustainable management in a circular economy
    (2022-08-01)
    Taghipour, Amirhossein
    ;
    Akkalatham, Wareerath
    ;
    Eaknarajindawat, Natnaporn
    ;
    Stefanakis, Alexandros I.
    The purpose of this study was to determine how government policies affect the sustainable management in a circular economy in steel recycling manufacturing companies using Thailand as a case study. To develop and examine a structural equation model, a set of management sustainability indicators from previous studies was used. The study target's (steel recycling manufacturers) behavior was quantitatively analyzed using questionnaire-based surveys. The literature has rarely seen interactions between disparate research structures as a means of integrating circular economics, such as the intricate relationship between government policy and longer product life cycles, steel recycling, and sustainable circular economy management research. In the absence of the ability to regulate government benefits through businesses, businesses will speak to influence policy. It was found that broad enablers such as financial assistance, logistics, and fundraising guidance significantly influenced government policy solutions in the steel sector. Government policies promoting direct and indirect investment as a result of the adoption of the circular economy also heavily rely on infrastructure. Understanding how this policy affects customer perceptions and behavior enables businesses to continue advocating for the positive impact of policymaking on governments, industries, and customers. There is still room for additional research to examine the implications of various policies in different regions in order to determine those policies that are most likely to succeed.
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    Circular Economy of Steel Recycling Companies in Thailand
    (2021-11-01)
    Taghipour, Amirhossein
    ;
    Akkalatham, Wareerath
    The new “circular economy” model would revolutionize the economy. It should also be noted that several business models will be needed to optimize their efficiency and overlap as the system evolves over its lifetime. The business model of the circular economy is based on the principle of “value creation” of the conventional economy. In this study, we interviewed 67 managers from the steel industry in Thailand. Statistically, 71.2% of respondents felt that steel consumers would be able to pay a higher price for clean goods. Also, 87% believe that governments must contribute to the development of the circular economy. They said that their group also organizes training activities for educating the workforce. Moreover, 80.1% indicated that their organization must inform management and workers of the value of the circular economy. Accordingly, 64.7% of respondents stated that there is no government funding for scrap metal recycling. Overall, 36.3% of people felt there was a shortage of scrap metal work.