The value building : a conceptual model of circular business models in the building context
(2023) 22nd EuroFM Research Symposium p.190-203- Abstract
- Background and aim – Circular Economy (CE) aims to reduce consumption by retaining value in the
system. While several hierarchical frameworks exist for value retention in general CE, the building
context is still missing an established hierarchy. This viewpoint paper outlines a hierarchy of circular
business models in the building context.
Methods / Methodology – This viewpoint paper builds on existing knowledge within circularity, lifecycle
assessments, and business models. The conceptualization is based on a review of previous literature,
including the Authors’ own previous work on the topic.
Results – We propose a ‘value building’, a circular business model hierarchy for buildings. The highest... (More) - Background and aim – Circular Economy (CE) aims to reduce consumption by retaining value in the
system. While several hierarchical frameworks exist for value retention in general CE, the building
context is still missing an established hierarchy. This viewpoint paper outlines a hierarchy of circular
business models in the building context.
Methods / Methodology – This viewpoint paper builds on existing knowledge within circularity, lifecycle
assessments, and business models. The conceptualization is based on a review of previous literature,
including the Authors’ own previous work on the topic.
Results – We propose a ‘value building’, a circular business model hierarchy for buildings. The highest
value retention is in the core of the building, with optimal use, maintenance, and minor repairs. The
greatest value loss is on the outer layer of the building, with deconstruction and recycling building
materials. Outside the building, value may be added to the system through e.g., extensions, but priority
should be given to retaining value in the system.
Originality – This paper is unique in outlining a hierarchy for circularity in the building context. It lays a
foundation for further assessment of the environmental impact of the circular business
models positioned on different layers of the model.
Practical or social implications – Business models with high value retention include minor repairs and
maintenance, and redistribution of space (sharing, multifunctionality), which are typically under the
control of facility managers. The model works as inspiration and guidance FM professionals aiming to
implement circularity in their role and justifying approaches to their clients.
Type of paper – Full viewpoint paper. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/10f767ba-041a-4fc3-9b74-5667ec96974e
- author
- Kyrö, Riikka LU and Lundgren, Rebecka LU
- organization
- publishing date
- 2023-11-01
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- host publication
- Proceedings of the 22nd EuroFM Research Symposium : 9-10 November 2023, Istanbul, Turkey - 9-10 November 2023, Istanbul, Turkey
- editor
- Jylhä, Tuuli and Danivska, Vitalija
- pages
- 190 - 203
- publisher
- EuroFM
- conference name
- 22nd EuroFM Research Symposium
- conference location
- Istanbul, Turkey
- conference dates
- 2023-11-09 - 2023-11-11
- ISBN
- 9789090379456
- DOI
- 10.5281/zenodo.10051131
- project
- SHare Optimize REimagine (SHORE) - reframing circular economy for the real estate and construction industry
- language
- English
- LU publication?
- yes
- id
- 10f767ba-041a-4fc3-9b74-5667ec96974e
- date added to LUP
- 2023-11-02 14:20:05
- date last changed
- 2024-05-07 15:45:22
@inproceedings{10f767ba-041a-4fc3-9b74-5667ec96974e,
abstract = {{Background and aim – Circular Economy (CE) aims to reduce consumption by retaining value in the <br/>system. While several hierarchical frameworks exist for value retention in general CE, the building <br/>context is still missing an established hierarchy. This viewpoint paper outlines a hierarchy of circular <br/>business models in the building context. <br/>Methods / Methodology – This viewpoint paper builds on existing knowledge within circularity, lifecycle <br/>assessments, and business models. The conceptualization is based on a review of previous literature, <br/>including the Authors’ own previous work on the topic. <br/>Results – We propose a ‘value building’, a circular business model hierarchy for buildings. The highest <br/>value retention is in the core of the building, with optimal use, maintenance, and minor repairs. The <br/>greatest value loss is on the outer layer of the building, with deconstruction and recycling building <br/>materials. Outside the building, value may be added to the system through e.g., extensions, but priority <br/>should be given to retaining value in the system. <br/>Originality – This paper is unique in outlining a hierarchy for circularity in the building context. It lays a <br/>foundation for further assessment of the environmental impact of the circular business <br/>models positioned on different layers of the model. <br/>Practical or social implications – Business models with high value retention include minor repairs and <br/>maintenance, and redistribution of space (sharing, multifunctionality), which are typically under the <br/>control of facility managers. The model works as inspiration and guidance FM professionals aiming to <br/>implement circularity in their role and justifying approaches to their clients. <br/>Type of paper – Full viewpoint paper.}},
author = {{Kyrö, Riikka and Lundgren, Rebecka}},
booktitle = {{Proceedings of the 22nd EuroFM Research Symposium : 9-10 November 2023, Istanbul, Turkey}},
editor = {{Jylhä, Tuuli and Danivska, Vitalija}},
isbn = {{9789090379456}},
language = {{eng}},
month = {{11}},
pages = {{190--203}},
publisher = {{EuroFM}},
title = {{The value building : a conceptual model of circular business models in the building context}},
url = {{https://lup.lub.lu.se/search/files/163611315/Proceedings_EuroFM_Research_Symposium_2023.pdf}},
doi = {{10.5281/zenodo.10051131}},
year = {{2023}},
}