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What does optimal-use model mean?

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optimal-use model
Noun


A circular business model that applies a reuse/repair/repurpose/refurbish/remanufacture strategy in a product's use phase with the aim to increase the value and use of the product during its effective useful life.

Synonym(s): 
  • circular use and life extension model; circular use/life extension model; optimal-use and life-extension business model; .
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