Circular economy in the era of Industry 5.0

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dc.citation.epage228
dc.citation.rankM33
dc.citation.spage225
dc.contributor.authorMilošević, Isidora
dc.contributor.authorStojanović, Anđelka
dc.contributor.authorArsić, Sanela
dc.contributor.authorNikolić, Ivica
dc.contributor.authorRakić, Ana
dc.date.accessioned2023-12-21T09:44:42Z
dc.date.available2023-12-21T09:44:42Z
dc.date.issued2023
dc.description.abstractThe circular economy is an emerging concept based on the circulation of materials in the economy, in which waste is recycled, reused, or repaired. By recycling waste, new raw materials are obtained from which products or certain materials can be made, and devices can have alternative uses. A circular economy is needed to change outdated business practices based on a linear production-consumer paradigm into creative, innovative semi and final products. Industry 5.0 puts people at the center of the production process and uses innovative technical advances to ensure a sustainable and resilient path to smart manufacturing. Therefore, the circular economy and Industry 5.0 lay the foundations of intelligent and sustainable production based on real-time data collection, contributing to society's smart industry. This paper examines whether companies need to transform from a linear production-consumer paradigm to a circular economy to achieve sustainable development in the era of the new industrial revolution known as Industry 5.0.
dc.identifier.isbn978-86-6305-140-9
dc.identifier.urihttps://ioc.tfbor.bg.ac.rs/public/2023/Proceedings_IOC_2023.pdf
dc.identifier.urihttps://repozitorijum.tfbor.bg.ac.rs/handle/123456789/16
dc.language.isoen
dc.publisherUniversity of Belgrade, Technical Faculty in Bor
dc.rights.licenseCC-BY-NC-ND
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.sourceProceedings - 54th International October Conference on Mining and Metallurgy - IOC 2023, 18-21 October 2023, Bor Lake, Serbia, 2023, 225-228
dc.subjectCircular economy
dc.subjectIndustry 5.0
dc.subjectSustainable development
dc.subjectTransform
dc.titleCircular economy in the era of Industry 5.0
dc.typeconferenceObject
dc.type.versionpublishedVersion

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