Knowledge Agora



Similar Articles

Title The pathway towards circular economy: Measuring circular advantage of eco-innovations
ID_Doc 3936
Authors Brogi, S; Menichini, T
Title The pathway towards circular economy: Measuring circular advantage of eco-innovations
Year 2024
Published Business Strategy And The Environment, 33, 4
Abstract Eco-Innovation (EI) emerges as an enabler of Circular Economy (CE). A shift to the CE is a powerful opportunity for companies to create significant financial and economic value for business and society: the so-called "circular advantage". Companies have a crucial role as accelerators of the CE transition, although the identification and exploitation of CE opportunities that derive from trasformative EI being essential. With the aim to develop a multidimensional and multi-actor approach to innovation in CE the present paper proposes an integrated Multi-Criteria Decision-Making (MCDM) method based on fuzzy Analytic Hierarchy Process (AHP) and Interval-Valued Triangular Fuzzy Numbers Additive Ratio ASsessment (IVTFN-ARAS). The proposed method is conceived as a tool to evaluate the ability of Eco-Innovative solutions to trigger company adoption of CE business models, the exploitation of disruptive technologies, and the enforcement of dynamic capabilities, which are all recognized as drivers of CE advantage. An illustrative application to a set of EU-funded Eco-Innovative projects is presented to clarify how the method works in practice. Discussion and suggestions for future research offer guidance to use the method as a policy-making instrument.
PDF

Similar Articles

ID Score Article
2845 Lahane, S; Gupta, P; Kant, R Evaluating the benefits of circular economy due to adoption of its enablers(2022)Management Of Environmental Quality, 33, 2
326 Mandal, MC; Mondal, N; Ray, A Analyzing the Enablers of Circular Economy: A Sustainable Manufacturing Perspective(2024)
14526 Zaidan, AA; Deveci, M; Alsattar, HA; Qahtan, S; Shang, WL; Delen, D; Mourad, N; Mohammed, ZK Neutrosophic bipolar fuzzy decision-based approach for developing sustainable circular business model innovation tools(2024)
1381 Ahmed, AA; Nazzal, MA; Darras, BM; Deiab, IM A comprehensive multi-level circular economy assessment framework(2022)
847 Husain, Z; Maqbool, A; Haleem, A; Pathak, RD; Samson, D Analyzing the business models for circular economy implementation: a fuzzy TOPSIS approach(2021)Operations Management Research, 14, 3-4
1305 Badhotiya, GK; Avikal, S; Soni, G; Sengar, N Analyzing barriers for the adoption of circular economy in the manufacturing sector(2022)International Journal Of Productivity And Performance Management, 71, 3
16904 Alamerew, YA; Kambanou, ML; Sakao, T; Brissaud, D A Multi-Criteria Evaluation Method of Product-Level Circularity Strategies(2020)Sustainability, 12, 12
4099 Sabale, DB; Kaswan, MS; Rathi, R; Yadav, V Investigating and modeling the circular economy enablers in product development process: net zero as a moderator(2023)
2810 Candan, G; Toklu, MC A comparative analysis of the circular economy performances for European Union countries(2022)International Journal Of Sustainable Development And World Ecology, 29, 7
2577 Chhimwal, M; Agrawal, S; Kumar, G Challenges in the implementation of circular economy in manufacturing industry(2022)Journal Of Modelling In Management, 17, 4
Scroll