A large multi-group decision-making technique for prioritizing the big data-driven circular economy practices in the automobile component manufacturing industry

Kamble, Sachin S.; Belhadi, Amine; Gunasekaran, Angappa; Ganapathy, L.; Verma, Surabhi

doi:10.1016/j.techfore.2020.120567

Cited by 81 publications

(40 citation statements)

References 52 publications

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“…Several authors investigate, through multi-criteria decision-making methods (i.e., PROMETHEE II method, VIKOR, best-worst Method, SWARA, Fuzzy ANN etc.) the barriers that hinder the use of technologies such as the use of IoT [59][60][61], or big data [62][63][64][65][66]. Among other technologies, some authors propose the use of simulations to produce an economic analysis of the processes or as tool to train [67][68][69][70][71].…”

Section: #3 Digital Technologies (32 Documents)mentioning

confidence: 99%

Green Transition: The Frontier of the Digicircular Economy Evidenced from a Systematic Literature Review

Felice

Petrillo

2021

Sustainability

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Today, the issue of economic circularity is certainly not a new concept. It represents an essential issue in any production system since it is an alternative to the current production and consumption model. The importance of the topic is confirmed worldwide. However, there is still a “circularity gap” that can be bridged in the short and medium term, probably with the use of innovative and digital technologies. In fact, many researchers agree that the sustainable future can be achieved in the long term thanks to digital technologies (i.e., IoT, artificial intelligence, quantum computing etc.) which, thanks to their speed of calculation, are able to identify the right solutions at the right time. The challenge, therefore, will be to develop innovative technologies and tools for the efficient use of resources in industries for sustainable production. Thus, the aim of this study is to define the current state of the art and future research developments in this very promising field. To achieve this goal, the integration of a “set” of tools, based on the AHP method and the PRISMA protocol, is proposed. The results aim to be a guideline for decision makers and researchers interested in this topic.

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Section: #3 Digital Technologies (32 Documents)mentioning

confidence: 99%

Green Transition: The Frontier of the Digicircular Economy Evidenced from a Systematic Literature Review

Felice

Petrillo

2021

Sustainability

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“…To be determined as a B company, companies must meet high social, environmental and transparency standards [68,69]. In turn, they must commit to considering the long-term interest of all groups linked to it as a criterion for decision-making [70]. To do this, they must go through a certification process in which four areas are reviewed: governance, workers, the environment, and community, which results in the classification of B companies, provided that a minimum of 80 points out of 200 is reached [71], giving them a comfortable position that encourages continuous improvement, in the search for a better position.…”

Section: B Corporationsmentioning

confidence: 99%

The Role of B Companies in Tourism towards Recovery from the Crisis COVID-19 Inculcating Social Values and Responsible Entrepreneurship in Latin America

et al. 2021

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One of the particularities of companies with a social purpose is that, through their business model of B companies, they have incorporated into their processes the necessary mechanisms to obtain, simultaneously, the profits to ensure the existence of the organization in the market. At the same time, social value is generated, which is necessary to address the problems of the social crisis caused by COVID-19 and the environmental problems affecting the community. The current global health and economic crisis has opened up the possibility of adopting business model B and focusing more on the individual. Based on the grounded theory method, we have examined 3500 B Corporations in Latin America, of which 57 were examined in 10 countries listed in the Directory of B Corporations for Latin America. The main conclusions are that B Corporations dedicated to tourism through responsible entrepreneurship develop a more inclusive, sustainable and environmentally friendly economy for the benefit of society, go beyond the notion of CSR and move away from traditional business, as B Corporations combine social development and economic growth.

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“…With no exception, an economic decline has also been felt by Indonesia of up to −2.07% (YoY) [1][2][3][4][5][6][7]. The manufacturing sector and service operations are the main driving force for economic growth [8][9][10][11].…”

Section: Introductionmentioning

confidence: 99%

Micro, Small, and Medium Enterprises’ Business Vulnerability Cluster in Indonesia: An Analysis Using Optimized Fuzzy Geodemographic Clustering

Caraka

Kurniawan²,

Nasution³

et al. 2021

Sustainability

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The COVID-19 pandemic has caused effects in many sectors, including in businesses and enterprises. The most vulnerable businesses to COVID-19 are micro, small, and medium enterprises (MSMEs). Therefore, this paper aims to analyze the business vulnerability of MSMEs in Indonesia using the fuzzy spatial clustering approach. The fuzzy spatial clustering approach had been implemented to analyze the social vulnerability to natural hazards in Indonesia. Moreover, this study proposes the Flower Pollination Algorithm (FPA) to optimize the Fuzzy Geographically Weighted Clustering (FGWC) in order to cluster the business vulnerability in Indonesia. We performed the data analysis with the dataset from Indonesia’s national socioeconomic and labor force survey (SUSENAS and SAKERNAS). We first compared the performance of FPA with traditional FGWC, as well as several known optimization algorithms in FGWC such as Artificial Bee Colony, Intelligent Firefly Algorithm, Particle Swarm Optimization, and Gravitational Search Algorithm. Our results showed that FPAFGWC has the best performance in optimizing the FGWC clustering result in the business vulnerability context. We found that almost all of the regions in Indonesia outside Java Island have vulnerable businesses. Meanwhile, in most of Java Island, particularly the JABODETABEK area that is the national economic backbone, businesses are not vulnerable. Based on the results of the study, we provide the recommendation to handle the gap between the number of micro and small enterprises (MSMEs) in Indonesia.

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A large multi-group decision-making technique for prioritizing the big data-driven circular economy practices in the automobile component manufacturing industry

Cited by 81 publications

References 52 publications

Green Transition: The Frontier of the Digicircular Economy Evidenced from a Systematic Literature Review

Green Transition: The Frontier of the Digicircular Economy Evidenced from a Systematic Literature Review

The Role of B Companies in Tourism towards Recovery from the Crisis COVID-19 Inculcating Social Values and Responsible Entrepreneurship in Latin America

Micro, Small, and Medium Enterprises’ Business Vulnerability Cluster in Indonesia: An Analysis Using Optimized Fuzzy Geodemographic Clustering

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