Connecting circular economy and industry 4.0

• Published in: International journal of information management Vol. 49; pp. 98 - 113
• Main Authors: Rajput, Shubhangini, Singh, Surya Prakash
• Format: Journal Article
• Language: English
• Published: Kidlington Elsevier Ltd 01.12.2019; Elsevier Science Ltd
• Subjects: Artificial intelligence; Circular economy; Circularity; DEMATEL (Most likely); DEMATEL (optimistic); DEMATEL (pessimistic); Industry 4.0; PCA; Principal components analysis; Supply chains; DEMATEL (optimistic); Industry 4.0; DEMATEL (Most likely); DEMATEL (pessimistic); Circular economy; PCA
• ISSN: 0268-4012; 1873-4707
• DOI: 10.1016/j.ijinfomgt.2019.03.002

•Paper identify connection between Circular Economy (CE) and Industry 4.0.•Paper propose PCA-DEMATEL to establish connection between CE and Industry 4.0.•PCA is used to identify factors connecting CE and Industry 4.0.•DEMATEL is applied for cause and effect analysis between CE and Industry 4.0.•Enabling and challenging factors are identified to connect CE and Industry 4.0. 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.