| Title | A novel hybrid decision-making framework for measuring Industry 4.0-driven circular economy performance for textile industry |
|---|---|
| ID_Doc | 4700 |
| Authors | Ali, SS; Torgul, B; Paksoy, T; Luthra, S; Kayikci, Y |
| Title | A novel hybrid decision-making framework for measuring Industry 4.0-driven circular economy performance for textile industry |
| Year | 2024 |
| Published | |
| 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. |
| https://shura.shu.ac.uk/34014/1/BSE-23-1631.R2_Proof_hi.pdf |
Similar Articles
| ID | Score | Article |
|---|---|---|
3200
|
Gupta, H; Kumar, A; Wasan, P Industry 4.0, cleaner production and circular economy: An integrative framework for evaluating ethical and sustainable business performance of manufacturing organizations(2021) | |
| 3551
|
Kusi-Sarpong, S; Gupta, H; Khan, SA; Jabbour, CJC; Rehman, ST; Kusi-Sarpong, H Sustainable supplier selection based on industry 4.0 initiatives within the context of circular economy implementation in supply chain operations(2023)Production Planning & Control, 34, 10 | |
| 326
|
Mandal, MC; Mondal, N; Ray, A Analyzing the Enablers of Circular Economy: A Sustainable Manufacturing Perspective(2024) | |
| 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 | |
| 1164
|
Kravchenko, M; Pigosso, DC; McAloone, TC Towards the ex-ante sustainability screening of circular economy initiatives in manufacturing companies: Consolidation of leading sustainability-related performance indicators(2019) | |
| 2859
|
Xie, ZY; Tian, GX; Tao, YC A Multi-Criteria Decision-Making Framework for Sustainable Supplier Selection in the Circular Economy and Industry 4.0 Era(2022)Sustainability, 14, 24 | |
| 3725
|
Matarneh, S; Piprani, AZ; Ellahi, RM; Nguyen, DN; Le, TM; Nazir, S Industry 4.0 technologies and circular economy synergies: Enhancing corporate sustainability through sustainable supply chain integration and flexibility(2024) | |
| 2949
|
Thinakaran, S; Chandravelu, P; Ponnambalam, SG; Sankaranarayanan, B; Karuppiah, K Analyzing the Challenges to Circular Economy in Indian Fashion Industry(2023) | |
| 2303
|
Neto, GCD; da Silva, D; Arns, VD; Tucci, HNP; Pinto, LFR; Seri, MN Industry 4.0 technologies moderately spurred micro-level circular economy considering cleaner production, not promoting sustainable performance(2024) | |
| 2235
|
Saha, K; Dey, PK; Papagiannaki, E Implementing circular economy in the textile and clothing industry(2021)Business Strategy And The Environment, 30, 4 |