A novel hybrid decision‐making framework for measuring Industry 4.0‐driven circular economy performance for textile industry

IF 12.5 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2024-07-30 DOI:10.1002/bse.3892

Sadia Samar Ali, Belkız Torğul, Turan Paksoy, Sunil Luthra, Yasanur Kayikci

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引用次数: 0

Abstract

The sustainability strategy focuses on conscious production and consumption, with the circular economy (CE) as an innovative approach to maximize resource value and minimize waste. Industry 4.0 technologies like AI, robotics, and blockchain play a significant role in enhancing the competitiveness of businesses pursuing the CE. These advanced technologies help organizations achieve their sustainability goals, particularly within the CE framework. The study analyses how Industry 4.0‐driven CE practices impact sustainable business performance, using the Indian textile industry as a case study. The researchers developed a three‐stage hybrid decision‐making framework, integrating various methods to assess sustainable performance. A novel three‐stage hybrid decision‐making framework was developed by integrating Kendall's agreement test (Kendall's W), fuzzy Delphi, best–worst method (BWM), full consistency method (FUCOM), and combined compromise solution (CoCoSo) methods. The findings highlight positive outcomes such as enhanced incentives, government support, greener logistics, and improved monitoring of emissions, waste, and pollution. However, there is room for further improvements to address market demand and increase the profitability of green products.

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衡量工业 4.0 驱动的纺织业循环经济绩效的新型混合决策框架

可持续发展战略的重点是有意识的生产和消费，并将循环经济（CE）作为实现资源价值最大化和废物最小化的创新方法。工业 4.0 技术（如人工智能、机器人和区块链）在提高追求 CE 的企业竞争力方面发挥着重要作用。这些先进技术有助于企业实现可持续发展目标，特别是在消费电子框架内。本研究以印度纺织业为案例，分析了工业 4.0 驱动的消费电子实践如何影响可持续经营业绩。研究人员开发了一个三阶段混合决策框架，整合了各种评估可持续绩效的方法。通过整合肯德尔一致检验法（Kendall's W）、模糊德尔菲法（Fuzzy Delphi）、最佳-最差法（BWM）、完全一致法（FUCOM）和组合折中方案（CoCoSo）等方法，研究人员开发出了一个新颖的三阶段混合决策框架。研究结果强调了积极的成果，如强化激励措施、政府支持、绿色物流，以及改进对排放、废物和污染的监测。然而，仍有进一步改进的空间，以满足市场需求并提高绿色产品的盈利能力。

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来源期刊

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.