IDEAS home Printed from https://ideas.repec.org/a/sae/sagope/v12y2022i1p21582440211067231.html
   My bibliography  Save this article

Assessing the New Product Development Process for the Industrial Decarbonization of Sustainable Economies

Author

Listed:
  • Qilong Wan
  • Xiaoqing Zhao
  • Haibing Liu
  • Hasan Dinçer
  • Serhat Yüksel

Abstract

This study aims to find out the significant stages of new product development process for the industrial decarbonization of sustainable economies by using interval type-2 (IT2) fuzzy decision-making trial and evaluation laboratory (DEMATEL). The findings demonstrate that commercialization is the most significant process of new product generation process of industrial decarbonization. Moreover, it is also concluded that with respect to the sub-criteria, cost analysis, and performance evaluation have the highest weights. An effective cost analysis is required in the new product development process. The costs of the product development process can in some cases be much higher than anticipated. This situation eliminates the effectiveness of the newly developed product. In this context, companies need to make the necessary plans for the costs of these new products correctly. On the other hand, it is important to follow the costs in detail during the process. Otherwise, the product that does not provide a cost advantage will not be preferred by industrial companies. This will cause the actions to be taken to reduce carbon emissions to fail.

Suggested Citation

  • Qilong Wan & Xiaoqing Zhao & Haibing Liu & Hasan Dinçer & Serhat Yüksel, 2022. "Assessing the New Product Development Process for the Industrial Decarbonization of Sustainable Economies," SAGE Open, , vol. 12(1), pages 21582440211, January.
    • Handle: RePEc:sae:sagope:v:12:y:2022:i:1:p:21582440211067231
    DOI: 10.1177/21582440211067231
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/21582440211067231
    Download Restriction: no
    File URL: https://libkey.io/10.1177/21582440211067231?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Schoenherr, Tobias & Wagner, Stephan M., 2016. "Supplier involvement in the fuzzy front end of new product development: An investigation of homophily, benevolence and market turbulence," International Journal of Production Economics, Elsevier, vol. 180(C), pages 101-113.
    2. Gaia Rubera & Deepa Chandrasekaran & Andrea Ordanini, 2016. "Open innovation, product portfolio innovativeness and firm performance: the dual role of new product development capabilities," Journal of the Academy of Marketing Science, Springer, vol. 44(2), pages 166-184, March.
    3. Steven Bernstein & Matthew Hoffmann, 2018. "The politics of decarbonization and the catalytic impact of subnational climate experiments," Policy Sciences, Springer;Society of Policy Sciences, vol. 51(2), pages 189-211, June.
    4. Li, Xiangrong & Zhu, Shaoying & Yüksel, Serhat & Dinçer, Hasan & Ubay, Gözde Gülseven, 2020. "Kano-based mapping of innovation strategies for renewable energy alternatives using hybrid interval type-2 fuzzy decision-making approach," Energy, Elsevier, vol. 211(C).
    5. Sovacool, Benjamin K. & Kester, Johannes & de Rubens, Gerardo Zarazua & Noel, Lance, 2018. "Expert perceptions of low-carbon transitions: Investigating the challenges of electricity decarbonisation in the Nordic region," Energy, Elsevier, vol. 148(C), pages 1162-1172.
    6. Tozer, Laura & University, Durham, 2020. "Catalyzing political momentum for the effective implementation of decarbonization for urban buildings," Energy Policy, Elsevier, vol. 136(C).
    7. Baboo Lesh Gowreesunker & Savvas Tassou & James Atuonwu, 2018. "Cost-Energy Optimum Pathway for the UK Food Manufacturing Industry to Meet the UK National Emission Targets," Energies, MDPI, vol. 11(10), pages 1-19, October.
    8. Fortes, Patrícia & Simoes, Sofia G. & Gouveia, João Pedro & Seixas, Júlia, 2019. "Electricity, the silver bullet for the deep decarbonisation of the energy system? Cost-effectiveness analysis for Portugal," Applied Energy, Elsevier, vol. 237(C), pages 292-303.
    9. Rathore, Ashish Kumar & Ilavarasan, P. Vigneswara, 2020. "Pre- and post-launch emotions in new product development: Insights from twitter analytics of three products," International Journal of Information Management, Elsevier, vol. 50(C), pages 111-127.
    10. Dejun Qiu & Hasan Dinçer & Serhat Yüksel & Gözde Gülseven Ubay, 2020. "Multi-Faceted Analysis of Systematic Risk-Based Wind Energy Investment Decisions in E7 Economies Using Modified Hybrid Modeling with IT2 Fuzzy Sets," Energies, MDPI, vol. 13(6), pages 1-25, March.
    11. Ocampo, Lanndon & Yamagishi, Kafferine, 2020. "Modeling the lockdown relaxation protocols of the Philippine government in response to the COVID-19 pandemic: An intuitionistic fuzzy DEMATEL analysis," Socio-Economic Planning Sciences, Elsevier, vol. 72(C).
    12. Madalena Pereira & Liliana Pina & Benilde Reis & Rui Miguel & Manuel Silva & Paulo Rafael, 2020. "Digital Technology for Global Supply Chain in Fashion: A Contribution for Sustainability Development," Springer Books, in: Gianpaolo Vignali & Louise F. Reid & Daniella Ryding & Claudia E. Henninger (ed.), Technology-Driven Sustainability, chapter 7, pages 117-136, Springer.
    13. Parra, David & Valverde, Luis & Pino, F. Javier & Patel, Martin K., 2019. "A review on the role, cost and value of hydrogen energy systems for deep decarbonisation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 101(C), pages 279-294.
    14. Chen, Ting-Yu & Chang, Chien-Hung & Rachel Lu, Jui-fen, 2013. "The extended QUALIFLEX method for multiple criteria decision analysis based on interval type-2 fuzzy sets and applications to medical decision making," European Journal of Operational Research, Elsevier, vol. 226(3), pages 615-625.
    15. Roper, Stephen & Micheli, Pietro & Love, James H. & Vahter, Priit, 2016. "The roles and effectiveness of design in new product development: A study of Irish manufacturers," Research Policy, Elsevier, vol. 45(1), pages 319-329.
    16. Griffin, Paul W. & Hammond, Geoffrey P., 2019. "Industrial energy use and carbon emissions reduction in the iron and steel sector: A UK perspective," Applied Energy, Elsevier, vol. 249(C), pages 109-125.
    17. Fais, Birgit & Sabio, Nagore & Strachan, Neil, 2016. "The critical role of the industrial sector in reaching long-term emission reduction, energy efficiency and renewable targets," Applied Energy, Elsevier, vol. 162(C), pages 699-712.
    18. Wang, Fang & Chen, Kaihua, 2020. "Do product imitation and innovation require different patterns of organizational innovation? Evidence from Chinese firms," Journal of Business Research, Elsevier, vol. 106(C), pages 60-74.
    19. Min Yang & Qingxian An & Tao Ding & Pengzhen Yin & Liang Liang, 2019. "Carbon emission allocation in China based on gradually efficiency improvement and emission reduction planning principle," Annals of Operations Research, Springer, vol. 278(1), pages 123-139, July.
    20. Yu, Liping & Duan, Yunlong & Fan, Tianting, 2020. "Innovation performance of new products in China's high-technology industry," International Journal of Production Economics, Elsevier, vol. 219(C), pages 204-215.
    21. Safar Fazli & Reza Kiani & Mohammadali Vosooghidizaji, 2015. "Crude oil supply chain risk management with DEMATEL–ANP," Post-Print hal-02327343, HAL.
    22. Schemmann, Brita & Herrmann, Andrea M. & Chappin, Maryse M.H. & Heimeriks, Gaston J., 2016. "Crowdsourcing ideas: Involving ordinary users in the ideation phase of new product development," Research Policy, Elsevier, vol. 45(6), pages 1145-1154.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Diana Blagu & Denisa Szabo & Diana Dragomir & Călin Neamțu & Daniela Popescu, 2022. "Offering Carbon Smart Options through Product Development to Meet Customer Expectations," Sustainability, MDPI, vol. 14(16), pages 1-21, August.
    2. Dinçer, Hasan & Yüksel, Serhat & Hacioglu, Umit & Yilmaz, Mustafa K. & Delen, Dursun, 2023. "Development of a sustainable corporate social responsibility index for performance evaluation of the energy industry: A hybrid decision-making methodology," Resources Policy, Elsevier, vol. 85(PA).
    3. Kyriaki I. Kafka & Hasan Dinçer & Serhat Yüksel, 2024. "Impact-Relation Map of Innovative Service Development Regarding the Sustainable Growth for Emerging Markets," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 180-203, March.
    4. Siavash Javadi & Koteshwar Chirumalla, 2024. "Customizing Management Strategies for Product Introduction in Low-Volume Manufacturing: Enhancing Information Content Quality," Sustainability, MDPI, vol. 16(3), pages 1-27, February.
    5. Elias Carayannis & Pantelis Kostis & Hasan Dinçer & Serhat Yüksel, 2022. "Balanced-Scorecard-Based Evaluation of Knowledge-Oriented Competencies of Distributed Energy Investments," Energies, MDPI, vol. 15(21), pages 1-23, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Haiyang Shang & Fang Su & Serhat Yüksel & Hasan Dinçer, 2021. "Identifying the Strategic Priorities of the Technical Factors for the Sustainable Low Carbon Industry Based on Macroeconomic Conditions," SAGE Open, , vol. 11(2), pages 21582440211, May.
    2. Yue Meng & Haoyue Wu & Wenjing Zhao & Wenkuan Chen & Hasan Dinçer & Serhat Yüksel, 2021. "A hybrid heterogeneous Pythagorean fuzzy group decision modelling for crowdfunding development process pathways of fintech-based clean energy investment projects," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-34, December.
    3. Yiqing Zhao & Renata Korsakienė & Hasan Dinçer & Serhat Yüksel, 2022. "Identifying Significant Points of Energy Culture for Developing Sustainable Energy Investments," SAGE Open, , vol. 12(1), pages 21582440221, March.
    4. Suomalainen, Kiti & Wen, Le & Sheng, Mingyue Selena & Sharp, Basil, 2022. "Climate change impact on the cost of decarbonisation in a hydro-based power system," Energy, Elsevier, vol. 246(C).
    5. Johannsen, Rasmus Magni & Mathiesen, Brian Vad & Kermeli, Katerina & Crijns-Graus, Wina & Østergaard, Poul Alberg, 2023. "Exploring pathways to 100% renewable energy in European industry," Energy, Elsevier, vol. 268(C).
    6. Homfeldt, Felix & Rese, Alexandra & Simon, Franz, 2019. "Suppliers versus start-ups: Where do better innovation ideas come from?," Research Policy, Elsevier, vol. 48(7), pages 1738-1757.
    7. Wei Liu & Youfa Sun & Serhat Yüksel & Hasan Dinçer, 2021. "Consensus-based multidimensional due diligence of fintech-enhanced green energy investment projects," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-31, December.
    8. Singh, Shiwangi & Dhir, Sanjay & Sushil,, 2024. "The emotions for COVID-19 vaccine: Insights from Twitter analytics about hesitancy and willingness for vaccination," Journal of Policy Modeling, Elsevier, vol. 46(5), pages 964-984.
    9. Li, Yanfei & Taghizadeh-Hesary, Farhad, 2022. "The economic feasibility of green hydrogen and fuel cell electric vehicles for road transport in China," Energy Policy, Elsevier, vol. 160(C).
    10. Stančin, H. & Mikulčić, H. & Wang, X. & Duić, N., 2020. "A review on alternative fuels in future energy system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 128(C).
    11. Luigi Fortuna & Arturo Buscarino, 2022. "Sustainable Energy Systems," Energies, MDPI, vol. 15(23), pages 1-7, December.
    12. Lin, Boqiang & Xu, Chongchong, 2024. "The effects of industrial robots on firm energy intensity: From the perspective of technological innovation and electrification," Technological Forecasting and Social Change, Elsevier, vol. 203(C).
    13. Peter Nagovnak & Maedeh Rahnama Mobarakeh & Christian Diendorfer & Gregor Thenius & Hans Böhm & Thomas Kienberger, 2024. "Cost-Driven Assessment of Technologies’ Potential to Reach Climate Neutrality in Energy-Intensive Industries," Energies, MDPI, vol. 17(5), pages 1-34, February.
    14. Chen, Jian-xun & Zhang, Bo & Zhan, Wu & Sharma, Piyush & Budhwar, Pawan & Tan, Hui, 2022. "Demystifying the non-linear effect of high commitment work systems (HCWS) on firms’ strategic intention of exploratory innovation: An extended resource-based view," Technovation, Elsevier, vol. 116(C).
    15. Stephan Kigle & Michael Ebner & Andrej Guminski, 2022. "Greenhouse Gas Abatement in EUROPE—A Scenario-Based, Bottom-Up Analysis Showing the Effect of Deep Emission Mitigation on the European Energy System," Energies, MDPI, vol. 15(4), pages 1-18, February.
    16. Engstam, Linus & Janke, Leandro & Sundberg, Cecilia & Nordberg, Åke, 2025. "Optimising power-to-gas integration with wastewater treatment and biogas: A techno-economic assessment of CO2 and by-product utilisation," Applied Energy, Elsevier, vol. 377(PB).
    17. Livio Cricelli & Michele Grimaldi & Silvia Vermicelli, 2022. "Crowdsourcing and open innovation: a systematic literature review, an integrated framework and a research agenda," Review of Managerial Science, Springer, vol. 16(5), pages 1269-1310, July.
    18. Ahmad Alzahrani & Senthil Kumar Ramu & Gunapriya Devarajan & Indragandhi Vairavasundaram & Subramaniyaswamy Vairavasundaram, 2022. "A Review on Hydrogen-Based Hybrid Microgrid System: Topologies for Hydrogen Energy Storage, Integration, and Energy Management with Solar and Wind Energy," Energies, MDPI, vol. 15(21), pages 1-32, October.
    19. Nasrabadi, Mohamadreza Azar & Beauregard, Yvan & Ekhlassi, Amir, 2024. "The implication of user-generated content in new product development process: A systematic literature review and future research agenda," Technological Forecasting and Social Change, Elsevier, vol. 206(C).
    20. Mukhtarov, Shahriyar & Yüksel, Serhat & Dinçer, Hasan, 2022. "The impact of financial development on renewable energy consumption: Evidence from Turkey," Renewable Energy, Elsevier, vol. 187(C), pages 169-176.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:sagope:v:12:y:2022:i:1:p:21582440211067231. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.