Applicability of Industry 4.0 Technologies in the Reverse Logistics: A Circular Economy Approach Based on COmprehensive Distance Based RAnking (COBRA) Method

Selection of plastic solid waste treatment technology based on cumulative prospect theory and fuzzy DEMATEL

Under the global implementation of a low-carbon economy, the treatment of municipal plastic solid waste (PSW) has become an important task to be solved urgently. In the actual decision-making process of PSW treatment, the evaluation information is usually fuzzy, and the decision-makers (DMs) are bounded rational. For selecting the most appropriate PSW treatment technology, we propose a multi-criteria decision-making (MCDM) method based on cumulative prospect theory and fuzzy decision-making trail and evaluation laboratory (DEMATEL). Firstly, we construct the criteria system of PSW treatment that consists of 9 sub-criteria from the perspectives of environment, economy, society, and technology. Then, considering the interdependences and interactions between these evaluation criteria and allowing multiple stakeholders to participate in decision-making, we propose a fuzzy DEMATEL method to deal with the fuzziness of evaluation in the decision-making process and determine the weights of the evaluation criteria. Subsequently, taking into account the different opinions of different stakeholders and psychological factors such as risk preference and loss aversion of stakeholders, we aggregate the evaluation information of different stakeholders and develop the PSW treatment alternatives to rank the orders by using the proposed multi-actor cumulative prospect theory (CPT) method. We study seven alternative processes for PSW treatment by the developed model, including landfill, recycling, pyrolysis, incineration, and the combination of landfilling and recycling, landfill and incineration, and recycling and pyrolysis. According to the ranking results, we find the combination of recycling and incineration is the best treatment alternative. We take the seven PSW treatment technologies in Shanghai as the case study to verify the effectiveness and feasibility of the proposed method. Through the sensitivity analysis and comparison analysis with fuzzy similarity to ideal solution (FTOPSIS) method and an acronym in Portuguese of the interactive and multi-criteria decision-making (TODIM) method, we illustrate the effectiveness and superiority of the proposed method. This research provides significant references for the PSW treatment technology selection problems under uncertain environments and extends the methods in the decision-making field.

Analyzing critical factors of strategic alignment between operational excellence and Industry 4.0 technologies in smart manufacturing

Purpose

The manufacturing sector is highly competitive and operationally complex. Therefore, the strategic alignment between operational excellence methodologies and Industry 4.0 technologies is one of the issues that need to be addressed. The main aim of the study is to determine the critical factors of strategic alignment between operational excellence methodologies and Industry 4.0 technologies for manufacturing industries and make comparative analyses between automotive, food and textile industries in terms of strategic alignment between operational excellence methodologies and Industry 4.0 technologies.

Design/methodology/approach

First, determining the critical factors based on literature review and expert opinions, these criteria are weighted, and analytical hierarchy process is run to calculate the weights of these criteria. Afterward, the best sector is determined by the grey relational analysis method according to the criteria for the three manufacturing industries selected for the study.

Findings

As a result of AHP, “Infrastructure for Right Methodology, Techniques and Tools, is in the first place,” Organizational Strategy, is in the second place, while the third highest critical factor is “Capital Investment”. Moreover, based on grey relational analysis (GRA) results, the automotive industry is determined as the best alternative in terms of strategic alignment between operational excellence (OPEX) methodologies and I4.0 technologies.

Originality/value

This study is unique in that it is primarily possible to obtain the order of importance within the criteria and to make comparisons between three important manufacturing industries that are important for the economies of the world.