| Title | Development of circular economy model using Industry 4.0's machine learning techniques to improve performance metrics of MSMEs |
|---|---|
| ID_Doc | 3988 |
| Authors | Sabale, DB; Kaswan, MS; Rathi, R |
| Title | Development of circular economy model using Industry 4.0's machine learning techniques to improve performance metrics of MSMEs |
| Year | 2024 |
| Published | |
| Abstract | The development of a circular economy (CE) model is increasingly being recognized as a way to improve the performance metrics of Micro, Small, and Medium Enterprises (MSMEs). A CE is an economic model that aims to minimize waste and pollution by maintaining resources in use for long time. This paper provides a comprehensive overview of the benefits of a CE for MSMEs, including reduced costs, increased competitiveness, and improved environmental performance. The paper also outlines the steps that need to be taken to develop a CE model using Industry 4.0's machine learning algorithms for MSMEs. The paper concludes that the development of a CE model has the potential to significantly improve environmental and other performance metrics of MSMEs and should be a priority for policymakers and stakeholders in the business community. |
Similar Articles
| ID | Score | Article |
|---|---|---|
1064
|
Khan, SAR; Umar, M; Asadov, A; Tanveer, M; Yu, Z Technological Revolution and Circular Economy Practices: A Mechanism of Green Economy(2022)Sustainability, 14, 8 | |
| 2052
|
Piscitelli, G; Ferazzoli, A; Petrillo, A; Cioffi, R; Parmentola, A; Travaglioni, M Circular Economy Models In The Industry 4.0 Era: A Review Of The Last Decade(2020) | |
| 1221
|
Prieto-Sandoval, V; Ormazabal, M; Jaca, C; Viles, E Key elements in assessing circular economy implementation in small and medium-sized enterprises(2018)Business Strategy And The Environment, 27, 8 | |
| 2965
|
Prieto-Sandoval, V; Jaca, C; Santos, J; Baumgartner, RJ; Ormazabal, M Key strategies, resources, and capabilities for implementing circular economy in industrial small and medium enterprises(2019)Corporate Social Responsibility And Environmental Management, 26, 6 | |
| 1714
|
Tang, YM; Chau, KY; Fatima, A; Waqas, M Industry 4.0 technology and circular economy practices: business management strategies for environmental sustainability(2022) | |
| 564
|
Marcelino-Aranda, M; Alcibar, AM; Martínez-Rodríguez, MC; Camacho, AD The circular economy as an alternative towards a new model for sustainable industrial activity(2022)Tecnologia En Marcha, 35, 3 |