Browsing by Author "Susniene, Rozita"

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    Assessing the Financial Viability and Sustainability of Circular Business Models in the Wine Industry : A Comparative Analysis to Traditional Linear Business Model—Case of Georgia
    (2024-04) Chkareuli, Vakhtang; Darguashvili, Gvantsa; Atstaja, Dzintra; Susniene, Rozita; Juridiskā fakultāte
    In the contemporary global context, waste management and the judicious utilization of resources have emerged as pressing concerns. Consequently, the concept of a circular business model has gained prominence as a viable solution. This innovative model reframes waste not as a disposable byproduct but as an opportunity to generate new value, setting it apart from the conventional linear business model, particularly in financial, economic, and operational dimensions. Numerous industries grapple with the issue of excessive waste generation, among them the wine industry, notable for its substantial water and grape waste outputs. This predicament holds significant ramifications both on a global scale and within the specific context of Georgia. Yet, it also presents an innovative avenue for waste recycling. This study draws upon a comprehensive review of internationally recognized literature, noted for their scholarly significance and citation prevalence. In its practical segment, two distinct investment projects have been meticulously developed which seek to evaluate the financial viability of the circular business model in contrast to the conventional linear business model. The investment projects considered are as follows: 1. Under the framework of a linear business model, the company exclusively engages in the production and sale of wine. 2. Within the circular business model paradigm, the company not only produces wine but also harnesses waste processing to yield grape seed oil, which is subsequently marketed alongside wine bottles. Both models undergo rigorous scrutiny, employing a comprehensive analysis of key financial indicators essential for assessing project profitability and efficiency. The outcomes of this investigation reveal that, under identical capital investment conditions, the circular business model surpasses the linear model in terms of profitability. This underscores the potential for sustainable practices within the wine industry and the broader business landscape.
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    DEPOZĪTA SISTĒMAS ANALĪZE UN EKONOMISKAIS NOVĒRTĒJUMS
    (Rēzeknes Tehnoloģiju akadēmija, 2019) Atstāja, Dzintra; Lukševica, Līva; Cudečka-Puriņa, Natalija; Vesere, Rudīte; Susniene, Rozita; Lubkina, Velta; Zvaigzne, Anda; Kotāne, Inta
    The aim of this research is to analyse the deposit refund system and to perform economic evaluation of deposit refund system implementation in Latvia. To achieve this, theauthors will use following methods: gathering and further analysis of statistical data, comparative analysis and cost benefit analysis. Main conclusions of the research reveal that despite being a costly solution, deposit refund system brings certain benefits and the payback period can be approximately tenyears. Moreover, with the increase of the deposit fee the overall financial ratios of the system can be significantly improved.
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    The Potential of Wood Construction Waste Circularity
    (2024-11) Kiesnere, Gunita; Atstāja, Dzintra; Cudecka-Purina, Natalija; Susniene, Rozita; Faculty of Social Sciences
    Wood construction waste circularity presents enormous potential to significantly de-crease total greenhouse gas (GHG) emissions in the European Union (EU). Latvia could become a frontrunner due to its historic relationship with forestry, wood construction practises and unused potential of the innovative application of wood. This research examines what the potential of “circular wood” in Latvia is, how ready the Latvian wood house construction sector is to engage in a circular economy and wood waste circularity and whether the legal framework is ready to support wood waste management in the country. This study presents a combined approach for systematic wood construction product circularity assessment that includes a review of existing EU and Latvian frameworks for construction and demolition waste (CDW) management and wood construction, a general analysis of wood waste recycling systems and technologies, a quantitative data analysis of construction waste management in Latvia and qualitative data analysis of the Latvian wood house construction sector, and interviews with a focus group of Latvian wood industry representatives. The Latvian scope has allowed us to clarify the pattern methodology and impact points to be replicated, tested and measured further on a broader scale, in other countries, or throughout the whole EU. The main findings reveal a potential life cycle assessment (LCA) verifying the circularity of wood and limitations of wood construction waste circularity in Latvia in terms of wood house construction industry readiness and a legal framework as well as overall social prejudices for circular construction. Findings indicate an overall awareness and level of willingness to participate and engage in the circular construction models among Latvians; however, proactiveness and support (legal and financial) is expected from the government and municipalities. The recommendations point towards improvements in wood waste data management, the wood construction sector and the overall impact on sustainable development goals.