Prof. Gordana Kierans

Shenzhen Technology University, China 


Why and How the Circular Economy is the 

Future of the Industry? 





Ever since the Industrial Revolution, our system of production has been a linear economy that has evolved into a “take-make-use-and-dispose” structure powered almost exclusively by fossil fuels. This system has been like a machine that has grown bigger and bigger all the while getting faster and more efficient in order to produce more and more. 

However, our Earth’s resources have become scarcer and consequently more expensive to extract in recent years. Indeed, alarmingly, many precious metals are running dangerously low and our waste landfills have become full. In addition, renewable resources like water, air, forests and fish stocks are polluted and increasingly more stressed. 

It has thus become obvious that to meet the demands of everybody on this planet new industrial principles of production and consumption are urgently required. Therefore, the transformative power of the circular economy has gained traction is because its system of production is exactly the opposite of the linear model. Indeed, in short, the circular economy actually separates economic growth and development apart from the consumption of limited resources, creating a new industrial economy.

In this talk, Professor Gordana Kierans will illustrate how the circular economy will not only eliminate waste but to help discover waste as a valuable resource and learn more about the enormous business profit potential behind the circular economy. We are on a threshold of a new industrial economy.


Prof. Edward Ng Hon Khay

Singapore Management University, Singapore




   Technology Acquisition Pitfalls



Acquisition or upgrading of technology has become as routine as purchase of consumables ever since the computer became indispensable to commerce.  If the choice of hardware to buy is challenging, it is even more so for software.  Although no data are available as evidence, it is safe to say that hundreds of billions of dollars have been wasted on unnecessary, inadequate or incompatible software by governments and economic entities all over the world.  As there is yet no empirical research on this subject, this paper is an attempt to document common pitfalls in the acquisition of technology, especially software.  The paper covers potential mistakes along the fairly common process starting from Request For Proposal (RFP) to Terms of Reference (TOR), then Proof of Concept (POC) and eventually System Integration Test (SIT) plus User Acceptance Test (UAT). It is the aim of this paper to provide some guidance for businesses trying to avoid errors that are often costly.


Assoc. Prof. Yuri Shenshinov

Siberian State Transport University, Russia




Lean production as the main tool for 

improving competitiveness industrial companies



In conditions of constant complication of engineering programs for the development of new products and the growth of the high technology of the product being created, only those enterprises that are oriented to work in a rapidly changing economic situation can be competitive. Such enterprises must quickly respond to emerging market demands by effectively managing and owning the streamlined processes of designing, manufacturing, supplying and supporting their product on the market. This is achieved by the competent use of various tools of modern management and a systematic approach. This article is devoted to expanding the concepts of lean production in terms of various economic aspects, such as finance, human resources, time, and others. This is of great importance for the industrial economy, because in modern operating conditions, industrial enterprises are forced to optimize production processes in all key business areas.


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