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dc.contributor.authorSiskos, Ioannis
dc.contributor.authorVan Wassenhove, Luk N.
dc.date.accessioned2019-05-06T12:09:39Z
dc.date.available2019-05-06T12:09:39Z
dc.date.issued2017en_US
dc.identifier.issn1530-9290
dc.identifier.doi10.1111/jiec.12472
dc.identifier.urihttp://hdl.handle.net/20.500.12127/6338
dc.description.abstractThe concept of industrial symbiosis (IS) was introduced decades ago and its environmental and economic benefits are well established, but the broad acceptance of IS still faces significant barriers. This article provides a new approach to capture synergies within industrial parks by suggesting a new business model. Building on findings from a survey conducted by the authors and on literature, we first identify potential barriers to low‐carbon synergistic projects. Economic concerns of technically feasible synergies and financial issues turn out to be the largest barriers, because of long payback periods and fluctuating raw material and by‐product market prices. Existing business models do not offer easy ways to overcome or relax these barriers. We therefore introduce the concept of a synergy management services company (SMSCO), a synergy contractor and third‐party financing model, to overcome these barriers. This model shifts the financial risk of the synergistic project from collaborating firms to the SMSCO. We posit that this attribute of the SMSCO model makes it attractive for industrial park operators who seek long‐term solutions to secure future viability of their park.en_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.subjectSynergy Managementen_US
dc.titleSynergy management services companies: A new business model for industrial park operatorsen_US
dc.identifier.journalJournal of Industrial Ecologyen_US
dc.source.volume21en_US
dc.source.issue4en_US
dc.source.beginpage802en_US
dc.source.endpage814en_US
dc.contributor.departmentKühne Logistics University (KLU)en_US
vlerick.knowledgedomainOperations & Supply Chain Managementen_US
vlerick.typearticleJournal article with impact factor
vlerick.vlerickdepartmentTOMen_US
dc.identifier.vperid226510en_US


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