Life Cycle Coasting in the Circular Economy-Samples for Student

Question: Disucss about the Feasibility of the life cycle costing for Circular Economy Business models for SMEs. Answer: Introduction Circular economy can be defined as the renewable resource of economy that can minimise the wastage as well as the leakage of economy resources. In this report, feasibility of the life cycle costing for Circular Economy Business models for SMEs within the top sector Water. However, this life cycle costing for Circular Economy Business models for SMEs will be highly useful for the agriculture and food in Bangladesh. This level of life costing program will enhance livestock and pasture management, soil management and improvise the water management process. Research objectives This research paper aims to identify the different options to apply on life cycle coasting in the circular economy of Bangladesh that would help benefit the Small Medium Enterprises (SME). In this research paper main objectives are: To analyse different factors of life cycle costing in the water resource management sector of Bangladesh. To analyse the impact of SMEs in the business model of circular economy of Bangladesh. To determine the scope of water management for the improvement in food and agriculture sector of Bangladesh. Research questions To conduct this research there are few research questions to answer in order to complete the research. These questions are as: What are the different factors of life cycle costing in water resource management sector of Bangladesh? What role does SMEs play in the business model of circular economy of Bangladesh? What is the scope for water management to improve the food and agriculture sector of Bangladesh? Problem analysis Feasibility of the life cycle costing for Circular Economy Business models for SMEs: Agriculture, being the major source of Bangladeshs economy, water sector management is the essential requirement of the country. Agriculture sector is contributing 17% of the total GDP and around 84% of rural population depends on agriculture(Rahman, 2017). The problem analysis of this research paper aims on the different problems in the water resource management which plays a significant role in the life cycle costing of for circular economy business model of Bangladesh. There will be several benefits which could be used as supporting data for implementing life cycle costing for Circular Economy Business models for SME in Bangladesh such as it reduces high running costs in water management, implementing effective soil management to promote the agriculture work(GED, 2015). Research methodology Research methodology defines the strategy of researcher to address and analyse the problems. The process of research methodology would be collect the data from the primary and secondary sources such as using observation, interview with the farmers and conducting seminars(Kulkarni K, 2014). In addition to this, secondary sources like journals and statistics data could also be used to analyse the Feasibility of the life cycle costing for Circular Economy Business models for SME in Bangladesh(Rahi, 2017). Further after collecting the required data there are two basic: Qualitative research Quantitative research From the above background the research determines the strengths, weaknesses, opportunities, and threats (SWOT) for an effective quantitative research of the major institutions and organisations in Bangladesh. SWOT is one of the effective methodologies of research analysis. This methodology is about conducting both the internal (strengths and weaknesses) and the external (opportunities and threats) factors. Findings and discussion SWOT analysis of the major governance institutes and organisations in the water sector of Bangladesh analyse the marking information about the specific factors aiming the strengths, weaknesses, opportunities and threats of these organisations. The country is gifted with so many rivers and rivulets, and the SWOT analysis recognises that a large amount of water bodies evolving as an important strength. However, the mismanagement of these water resources is increasing the damaging effects of flooding and other pollution problems(Chan, Roy, Chaffin, 2016). Subsequently, Bangladesh is turning the ground water resources in the major resources for the water supply in industries as well as for drinking purpose. Therefore, Bangladesh has a great feasibility of the life cycle costing for Circular Economy Business models for SMEs in the water sector(Maitra Mukhopadhyay, 2012). Conclusion This study aims to develop a theoretical feasibility for expanding the water resource management in Bangladesh with the help of SWOT analysis of the major institutional and organisational impact of the water governance of Bangladesh. Our findings in this research further shows that there is a lack of successful implementation of international water resource management system and this is the result of lack of coordination among the institutions and the organisations responsible for developing the implementation of the water resource management policies. References Chan, N. W., Roy, R., Chaffin, B. B. (2016). Water Governance in Bangladesh: An Evalutionn of Institutional and Political Context. Water, pp. 1-18. GED. (2015). Seventh Five Year Plan FY2016-2020. Accelerating Growth, Empowering Citizens, DHAKA: General Economics Devosion (GED). Kulkarni, N., K, P. G. (2014). Research MEthodology: Review Artical. International JOurnal of Innovation Research development, 3(7), 168-173. Maitra, B., Mukhopadhyay, C. K. (2012). Public Spending on Education, Health care and Economic Growth in Selected Countries of Asia and the Pacific. Asia-Pecific Development Journal, 19-48. Rahi, S. (2017). Research Design and Methods: A Systematic Review of Research Paradigm, Sampling Issues and Instruments Development. International Journal of Economics Management Science, 1-5. Rahman, M. T. (2017). Role of Agriculture in Bangladesh Economy: Uncovering the Problems and Challenge. International Journal of Business and management, 6(7), 36-46.