Connecting circular economy and industry 4.0
By Shubhangini Rajput, Surya Prakash Singh. International Journal of Information Management, 2019
518 citations recorded by the source corpus.
Abstract The purpose of this paper is to understand the hidden connection between Circular Economy (CE) and Industry 4.0 in the context of supply chain. The factors responsible for linking CE and Industry 4.0 are studied from two angles viz. from the enablers’ side and barriers’ side. In the paper, twenty-six significant enabling and fifteen challenging factors are identified which are further factorized using Principal Component Analysis (PCA). DEMATEL approach is applied on the factors constructed from PCA. Here, the DEMATEL is applied for three different sets of data termed as Optimistic, Pessimistic and Most Likely. The paper identified Artificial Intelligence, Service and Policy Framework, and Circular Economy are significant enablers connecting CE and Industry 4.0. Similarly, paper reports Interface Designing and Automated Synergy Model as the most significant challenges to link CE and Industry 4.0 in a supply chain.
Subfields: Industrial and Manufacturing Engineering, Marketing, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/ea6cc12412e15710ca91b5ae5b665b4838f34e2a
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Citations in the corpus
- The applications of Industry 4.0 technologies in manufacturing context: a systematic literature review (2020, background): “Indeed, BDA, along with AI, is capable of isolating specific operating trends and assessing end-of-life product recovery (Bressanelli et al. 2018b; Strandhagen, Vallandingham, et al. 2017; Rajput and Singh 2019).”
- Synergy between Circular Economy and Industry 4.0: A Literature Review (2021, methodology): “For their part, Rajput and Singh [5] stated that CE is configured as a closed supply chain that seeks restorative and regenerative use, which implies that the system is conceptualized within the “end‐of‐life” or “lifespan” of the products and services at an industrial level, thus elim”