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

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

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  • NETL
  • NSTL
  • Wiley
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 per- formance. 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 monitor- ing of emissions, waste, and pollution. However, there is room for further improvements to address market demand and increase the profitability of green products.

circular economyhybrid methodIndustry 4.0Kendall's Wsmart circularity performancessmart circularity practices

Sadia Samar Ali、Belkız Torgul、Turan Paksoy、Sunil Luthra、Yasanur Kayikci

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Department of Industrial Engineering,Faculty of Engineering,King Abdulaziz University, Jeddah,Saudi Arabia

Department of Industrial Engineering,Faculty of Engineering and Natural Sciences,Konya Technical University,Konya,Turkey

Department of Aviation Management,Faculty of Aviation and Space Sciences,Necmettin Erbakan University,Konya,Turkey

Training and Learning Bureau,All India Council for Technical Education,New Delhi, India

Sheffield Business School,Sheffield Hallam University,Sheffield,UK||Science Policy Research Unit,University of Sussex Business School,Brighton,UK

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2024

10.1002/bse.3892

Business strategy and the environment

Business strategy and the environment

ISSN：0964-4733
年,卷(期)：2024.33(8)
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