Evaluating strategies for implementing industry 4.0: a hybrid expert oriented approach of B.W.M. and interval valued intuitionistic fuzzy T.O.D.I.M.

Hannan Amoozad Mahdiraji, Edmundas Kazimieras Zavadskas, Alireza Arab, Marinko Skare

Research output: Contribution to journalArticle

1 Downloads (Pure)

Abstract

Developing and accepting industry 4.0 influences the industry structure and customer willingness. To a successful transition to industry 4.0, implementation strategies should be selected with a systematic and comprehensive view to responding to the changes flexibly. This research aims to identify and prioritise the strategies for implementing industry 4.0. For this purpose, at first, evaluation attributes of strategies and also strategies to put industry 4.0 in practice are recognised. Then, the attributes are weighted to the experts’ opinion by using the Best Worst Method (B.W.M.). Subsequently, the strategies for implementing industry 4.0 in Fara-Sanat Company, as a case study, have been ranked based on the Interval Valued Intuitionistic Fuzzy (I.V.I.F) of the T.O.D.I.M. method. The results indicated that the attributes of ‘Technology’, ‘Quality’, and ‘Operation’ have respectively the highest importance. Furthermore, the strategies for “new business models development’, ‘Improving information systems’ and ‘Human resource management’ received a higher rank. Eventually, some research and executive recommendations are provided. Having strategies for implementing industry 4.0 is a very important solution. Accordingly, multi-criteria decision-making (M.C.D.M.) methods are a useful tool for adopting and selecting appropriate strategies. In this research, a novel and hybrid combination of B.W.M.-T.O.D.I.M. is presented under I.V.I.F. information.
Original languageEnglish
Pages (from-to)1600-1620
Number of pages21
JournalEconomic Research-Ekonomska Istrazivanja
Volume33
Issue number1
DOIs
Publication statusPublished - 2 May 2020

Bibliographical note

This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/
licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is
properly cited.

Keywords

  • Best Worst Method (B.W.M.)
  • Internal Valued Intuitionistic Fuzzy (I.V.I.F.)
  • T.O.D.I.M
  • industry 4.0
  • information systems
  • multi-criteria decision-making (M.C.D.M.)

ASJC Scopus subject areas

  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Evaluating strategies for implementing industry 4.0: a hybrid expert oriented approach of B.W.M. and interval valued intuitionistic fuzzy T.O.D.I.M.'. Together they form a unique fingerprint.

  • Cite this