IDEAS home Printed from https://ideas.repec.org/a/spr/circec/v4y2024i4d10.1007_s43615-024-00390-6.html
   My bibliography  Save this article

Nexus Effect of Industry 4.0 and Circular Economy Practices in Achieving Sustainable Development Goals

Author

Listed:
  • Manoj A. Palsodkar

    (K.J Somaiya College of Engineering)

  • Parth P. Koltharkar

    (North Carolina State University)

Abstract

The Sustainable Development Goals (SDGs) encourage sustainable practices in organisations opting to use renewable energy resources. The current study focuses on the development of a framework for the adoption of Industry 4.0 technologies (I4.0T) and Circular Economy (CE) practices that can help to achieve the SDGs for the manufacturing sector. The I4.0T-CE practices and the performance metrics were identified from the literature. The Pythagorean fuzzy analytical hierarchy process (PF-AHP) was used to compute the weights of the 30 identified I4.0-CE practices and the Pythagorean fuzzy combined compromise solution (PF-CoCoSo) method was used to prioritise the 18 performance metrics. The PF-AHP and the PF-CoCoSo are the advanced computational methods used in multi-criteria decision analysis. The data was collected from 15 experts of Indian manufacturing industries. The industrial expert panel was asked to provide their input through a pairwise comparison matrix. The analysis of the results shows that the top three I4.0-CE practices are “Reduced”, “Collaborations and Partnerships” and “Continuous Improvement”. In contrast, the top three performance metrics are the “No. of global policy measures”, “No. of government budget appropriations” and “No. of innovation using low carbon technologies”. The study contributes to industrial practitioners in implementation, and researchers in theoretical enhancement. The performance metrics enable tracking progress, identifying improvement areas, and making informed decisions for achieving SDGs.

Suggested Citation

  • Manoj A. Palsodkar & Parth P. Koltharkar, 2024. "Nexus Effect of Industry 4.0 and Circular Economy Practices in Achieving Sustainable Development Goals," Circular Economy and Sustainability, Springer, vol. 4(4), pages 3215-3244, December.
    • Handle: RePEc:spr:circec:v:4:y:2024:i:4:d:10.1007_s43615-024-00390-6
    DOI: 10.1007/s43615-024-00390-6
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s43615-024-00390-6
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s43615-024-00390-6?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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:spr:circec:v:4:y:2024:i:4:d:10.1007_s43615-024-00390-6. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.