IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i17p9577-d621845.html
   My bibliography  Save this article

Fermatean Fuzzy CRITIC-COPRAS Method for Evaluating the Challenges to Industry 4.0 Adoption for a Sustainable Digital Transformation

Author

Listed:
  • Mahyar Kamali Saraji

    (Kaunas Faculty, Vilnius University, Muitines 8, LT-44280 Kaunas, Lithuania)

  • Dalia Streimikiene

    (Kaunas Faculty, Vilnius University, Muitines 8, LT-44280 Kaunas, Lithuania)

  • Grigorios L. Kyriakopoulos

    (School of Electrical and Computer Engineering, Electric Power Division, Photometry Laboratory, National Technical University of Athens, 9 Heroon Polytechniou Street, 15780 Athens, Greece)

Abstract

Decision and policymakers are looking at the potential of Industry 4.0 smart technologies to create a green economy as the European Commission aims to deliver the European Green Deal by rethinking policies for clean energy supply. Industry 4.0 will eventually be applied to all aspects of life; however, it is necessary to identify the challenges to the adoption of Industry 4.0 for a sustainable digital transformation. In this vein, the present study aims to identify the challenges to the adoption of Industry 4.0 in fintech companies and to develop a novel Fermatean fuzzy CRITIC-COPRAS method to rank the identified challenges and evaluate the performance of companies concerning the weighted challenges based on three decision experts’ support. The results indicated that “difficulty in coordination and collaboration” is the most significant challenge to the adoption of Industry 4.0 out of the fourteen identified challenges, followed by “resistance to change” and “governmental support.” In addition, the superiority and efficiency of the proposed method were investigated through comparative analyses.

Suggested Citation

  • Mahyar Kamali Saraji & Dalia Streimikiene & Grigorios L. Kyriakopoulos, 2021. "Fermatean Fuzzy CRITIC-COPRAS Method for Evaluating the Challenges to Industry 4.0 Adoption for a Sustainable Digital Transformation," Sustainability, MDPI, vol. 13(17), pages 1-20, August.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:17:p:9577-:d:621845
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/17/9577/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/17/9577/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Brougham, David & Haar, Jarrod, 2018. "Smart Technology, Artificial Intelligence, Robotics, and Algorithms (STARA): Employees’ perceptions of our future workplace," Journal of Management & Organization, Cambridge University Press, vol. 24(2), pages 239-257, March.
    2. Abdul Karim Feroz & Hangjung Zo & Ananth Chiravuri, 2021. "Digital Transformation and Environmental Sustainability: A Review and Research Agenda," Sustainability, MDPI, vol. 13(3), pages 1-20, February.
    3. Anna Shevyakova & Anna Shevyakova & Eleonorа Munsh & Malika Arystan & Yelena Petrenko, 2021. "Competence development for Industry 4.0: Qualification requirements and solutions," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 3(1), pages 124-135, March.
    4. Marie-Sophie Denner & Louis Christian Püschel & Maximilian Röglinger, 2018. "How to Exploit the Digitalization Potential of Business Processes," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 60(4), pages 331-349, August.
    5. Alfred Theorin & Kristofer Bengtsson & Julien Provost & Michael Lieder & Charlotta Johnsson & Thomas Lundholm & Bengt Lennartson, 2017. "An event-driven manufacturing information system architecture for Industry 4.0," International Journal of Production Research, Taylor & Francis Journals, vol. 55(5), pages 1297-1311, March.
    6. Alfons Weersink & Evan Fraser & David Pannell & Emily Duncan & Sarah Rotz, 2018. "Opportunities and Challenges for Big Data in Agricultural and Environmental Analysis," Annual Review of Resource Economics, Annual Reviews, vol. 10(1), pages 19-37, October.
    7. Chris Turner & Mariale Moreno & Luigi Mondini & Konstantinos Salonitis & Fiona Charnley & Ashutosh Tiwari & Windo Hutabarat, 2019. "Sustainable Production in a Circular Economy: A Business Model for Re-Distributed Manufacturing," Sustainability, MDPI, vol. 11(16), pages 1-19, August.
    8. Matt, C. & Hess, Thomas & Benlian, Alexander, 2015. "Digital Transformation Strategies," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 75002, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    9. Müller, Julian & Maier, Lukas & Veile, Johannes & Voigt, Kai-Ingo, 2017. "Cooperation strategies among SMEs for implementing industry 4.0," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Digitalization in Supply Chain Management and Logistics: Smart and Digital Solutions for an Industry 4.0 Environment. Proceedings of the Hamburg Inter, volume 23, pages 301-318, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    10. Frey, Carl Benedikt & Osborne, Michael A., 2017. "The future of employment: How susceptible are jobs to computerisation?," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 254-280.
    11. Christian Matt & Thomas Hess & Alexander Benlian, 2015. "Digital Transformation Strategies," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 57(5), pages 339-343, October.
    12. Iva Vuksanović Herceg & Vukašin Kuč & Veljko M. Mijušković & Tomislav Herceg, 2020. "Challenges and Driving Forces for Industry 4.0 Implementation," Sustainability, MDPI, vol. 12(10), pages 1-22, May.
    13. Harish Garg & Gulfam Shahzadi & Muhammad Akram, 2020. "Decision-Making Analysis Based on Fermatean Fuzzy Yager Aggregation Operators with Application in COVID-19 Testing Facility," Mathematical Problems in Engineering, Hindawi, vol. 2020, pages 1-16, August.
    14. Guilherme Luz Tortorella & Diego Fettermann, 2018. "Implementation of Industry 4.0 and lean production in Brazilian manufacturing companies," International Journal of Production Research, Taylor & Francis Journals, vol. 56(8), pages 2975-2987, April.
    15. Anna Shevyakova & Eleonorа Munsh & Malika Arystan & Yelena Petrenko, 2021. "Competence development for Industry 4.0: Qualification requirements and solutions," Post-Print hal-03583868, HAL.
    16. Matt, C. & Hess, Thomas & Benlian, Alexander, 2015. "Digital Transformation Strategies," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 75202, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    17. ElMassah, Suzanna & Mohieldin, Mahmoud, 2020. "Digital transformation and localizing the Sustainable Development Goals (SDGs)," Ecological Economics, Elsevier, vol. 169(C).
    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. Agnieszka A. Tubis & Katarzyna Grzybowska & Bartosz Król, 2023. "Supply Chain in the Digital Age: A Scientometric–Thematic Literature Review," Sustainability, MDPI, vol. 15(14), pages 1-25, July.
    2. Stephany Isabel Vallarta-Serrano & Edgar Santoyo-Castelazo & Edgar Santoyo & Esther O. García-Mandujano & Holkan Vázquez-Sánchez, 2023. "Integrated Sustainability Assessment Framework of Industry 4.0 from an Energy Systems Thinking Perspective: Bibliometric Analysis and Systematic Literature Review," Energies, MDPI, vol. 16(14), pages 1-30, July.
    3. Adnan Veysel Ertemel & Akin Menekse & Hatice Camgoz Akdag, 2023. "Smartphone Addiction Assessment Using Pythagorean Fuzzy CRITIC-TOPSIS," Sustainability, MDPI, vol. 15(5), pages 1-19, February.
    4. Aro, Joerabell Lourdes & Selerio, Egberto & Evangelista, Samantha Shane & Maturan, Fatima & Atibing, Nadine May & Ocampo, Lanndon, 2022. "Fermatean fuzzy CRITIC-CODAS-SORT for characterizing the challenges of circular public sector supply chains," Operations Research Perspectives, Elsevier, vol. 9(C).
    5. Paula Morella & María Pilar Lambán & Jesús Royo & Juan Carlos Sánchez & Jaime Latapia, 2023. "Technologies Associated with Industry 4.0 in Green Supply Chains: A Systematic Literature Review," Sustainability, MDPI, vol. 15(12), pages 1-24, June.
    6. Anam Habib & Zareen A. Khan & Muhammad Riaz & Dragan Marinkovic, 2023. "Performance Evaluation of Healthcare Supply Chain in Industry 4.0 with Linear Diophantine Fuzzy Sine-Trigonometric Aggregation Operations," Mathematics, MDPI, vol. 11(12), pages 1-29, June.
    7. Piccarozzi, Michela & Silvestri, Cecilia & Aquilani, Barbara & Silvestri, Luca, 2022. "Is this a new story of the ‘Two Giants’? A systematic literature review of the relationship between industry 4.0, sustainability and its pillars," Technological Forecasting and Social Change, Elsevier, vol. 177(C).
    8. Viviana D’Angelo & Valeria Belvedere, 2023. "Green Supply Chains and Digital Supply Chains: Identifying Overlapping Areas," Sustainability, MDPI, vol. 15(12), pages 1-18, June.
    9. Jiaxi Luo, 2022. "A Bibliometric Review on Artificial Intelligence for Smart Buildings," Sustainability, MDPI, vol. 14(16), pages 1-22, August.
    10. Phemelo Tamasiga & Helen Onyeaka & El houssin Ouassou, 2022. "Unlocking the Green Economy in African Countries: An Integrated Framework of FinTech as an Enabler of the Transition to Sustainability," Energies, MDPI, vol. 15(22), pages 1-28, November.
    11. Ayyildiz, Ertugrul, 2022. "Fermatean fuzzy step-wise Weight Assessment Ratio Analysis (SWARA) and its application to prioritizing indicators to achieve sustainable development goal-7," Renewable Energy, Elsevier, vol. 193(C), pages 136-148.
    12. R. Krishankumar & P. P. Amritha & K. S. Ravichandran, 2022. "RETRACTED ARTICLE: An integrated fuzzy decision model for prioritization of barriers affecting sustainability adoption within supply chains under unknown weight context," Operations Management Research, Springer, vol. 15(3), pages 1010-1027, December.
    13. Bingqin Dai & Wenquan Liang, 2022. "The Impact of Big Data Technical Skills on Novel Business Model Innovation Based on the Role of Resource Integration and Environmental Uncertainty," Sustainability, MDPI, vol. 14(5), pages 1-16, February.
    14. Raghunathan Krishankumar & Arunodaya Raj Mishra & Fausto Cavallaro & Edmundas Kazimieras Zavadskas & Jurgita Antuchevičienė & Kattur Soundarapandian Ravichandran, 2022. "A New Approach to the Viable Ranking of Zero-Carbon Construction Materials with Generalized Fuzzy Information," Sustainability, MDPI, vol. 14(13), pages 1-24, June.
    15. Michalis Skordoulis & Grigorios Kyriakopoulos & Stamatiοs Ntanos & Spyros Galatsidas & Garyfallos Arabatzis & Miltiadis Chalikias & Petros Kalantonis, 2022. "The Mediating Role of Firm Strategy in the Relationship between Green Entrepreneurship, Green Innovation, and Competitive Advantage: The Case of Medium and Large-Sized Firms in Greece," Sustainability, MDPI, vol. 14(6), pages 1-18, March.
    16. Saraji, Mahyar Kamali & Streimikiene, Dalia, 2022. "Evaluating the circular supply chain adoption in manufacturing sectors: A picture fuzzy approach," Technology in Society, Elsevier, vol. 70(C).

    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. Abdul Karim Feroz & Hangjung Zo & Ananth Chiravuri, 2021. "Digital Transformation and Environmental Sustainability: A Review and Research Agenda," Sustainability, MDPI, vol. 13(3), pages 1-20, February.
    2. Lyu, Wenjing & Liu, Jin, 2021. "Soft skills, hard skills: What matters most? Evidence from job postings," Applied Energy, Elsevier, vol. 300(C).
    3. Emanuele Gabriel Margherita & Alessio Maria Braccini, 2023. "Industry 4.0 Technologies in Flexible Manufacturing for Sustainable Organizational Value: Reflections from a Multiple Case Study of Italian Manufacturers," Information Systems Frontiers, Springer, vol. 25(3), pages 995-1016, June.
    4. Monica Molino & Claudio G. Cortese & Chiara Ghislieri, 2021. "Technology Acceptance and Leadership 4.0: A Quali-Quantitative Study," IJERPH, MDPI, vol. 18(20), pages 1-18, October.
    5. Wenjing Zu & Guoda Gu & Sihan Lei, 2022. "Does Digital Transformation in Manufacturing Affect Trade Imbalances? Evidence from US–China Trade," Sustainability, MDPI, vol. 14(14), pages 1-14, July.
    6. Lyu, Wenjing & Liu, Jin, 2021. "Artificial Intelligence and emerging digital technologies in the energy sector," Applied Energy, Elsevier, vol. 303(C).
    7. Mishra, Deepa Bhatt & Haider, Imran & Gunasekaran, Angappa & Sakib, Md. Nazmus & Malik, Nishtha & Rana, Nripendra P., 2023. "“Better together”: Right blend of business strategy and digital transformation strategies," International Journal of Production Economics, Elsevier, vol. 266(C).
    8. Scuotto, V & Nicotra, M. & Del Giudice, M. & Krueger, N. & Gregori, G.L., 2021. "A microfoundational perspective on SMEs’ growth in the digital transformation era," Journal of Business Research, Elsevier, vol. 129(C), pages 382-392.
    9. J. Piet Hausberg & Kirsten Liere-Netheler & Sven Packmohr & Stefanie Pakura & Kristin Vogelsang, 2019. "Research streams on digital transformation from a holistic business perspective: a systematic literature review and citation network analysis," Journal of Business Economics, Springer, vol. 89(8), pages 931-963, December.
    10. Urška Kosem & Mirko Markič & Annmarie Gorenc Zoran, 2021. "Automation of Work Processes and Night Work," Data, MDPI, vol. 6(6), pages 1-13, May.
    11. Caputo, Francesco & Cillo, Valentina & Fiano, Fabio & Pironti, Marco & Romano, Marco, 2023. "Building T-shaped professionals for mastering digital transformation," Journal of Business Research, Elsevier, vol. 154(C).
    12. Sun, Zhe & Zhao, Liang & Kaur, Puneet & Islam, Nazrul & Dhir, Amandeep, 2023. "Theorizing the relationship between the digital economy and firm productivity: The idiosyncrasies of firm-specific contexts," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    13. Robert Keller & Philipp Ollig & Patrick Rövekamp, 2022. "Pathways to Developing Digital Capabilities within Entrepreneurial Initiatives in Pre-Digital Organizations," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 64(1), pages 33-46, February.
    14. Swen Nadkarni & Reinhard Prügl, 2021. "Digital transformation: a review, synthesis and opportunities for future research," Management Review Quarterly, Springer, vol. 71(2), pages 233-341, April.
    15. Caroline Jennings Saul & Heiko Gebauer, 2018. "Digital Transformation as an Enabler for Advanced Services in the Sanitation Sector," Sustainability, MDPI, vol. 10(3), pages 1-18, March.
    16. Isaiah Olurinola & Romanus Osabohien & Bosede Ngozi Adeleye & Ifeoluwa Ogunrinola & Jacob Isaac Omosimua & Tyrone De Alwis, 2021. "Digitalization and Innovation in Nigerian Firms," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 11(3), pages 263-277, March.
    17. Irene Bertschek & Joern Block & Alexander S. Kritikos & Caroline Stiel, 2024. "German financial state aid during Covid-19 pandemic: Higher impact among digitalized self-employed," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 36(1-2), pages 76-97, January.
    18. Marcus Grieger & André Ludwig, 2019. "On the move towards customer-centric business models in the automotive industry - a conceptual reference framework of shared automotive service systems," Electronic Markets, Springer;IIM University of St. Gallen, vol. 29(3), pages 473-500, September.
    19. Ander, Veronika & Cihelka, Petr & Tyrychtr, Jan & Novák, David, 2022. "Towards Compromise User Experience Design in Ambient Intelligent Environment," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 14(2), June.
    20. Zahoor, Nadia & Zopiatis, Anastasios & Adomako, Samuel & Lamprinakos, Grigorios, 2023. "The micro-foundations of digitally transforming SMEs: How digital literacy and technology interact with managerial attributes," Journal of Business Research, Elsevier, vol. 159(C).

    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:gam:jsusta:v:13:y:2021:i:17:p:9577-:d:621845. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.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.