Implications for sustainability in supply chain management and the circular economy using machine learning model

The definition of “Industry 4.0” would contribute to that distributed manufacturing systems, real-time information and inevitably a lot more product information. In this case, the optimization of capabilities goes beyond the conventional goal often adds to the competitiveness and efficiency of the company. Lean management and continuous development strategies, in turn, suggest an enhancement rather than maximization of energy. Furthermore, the analysis of Power Optimization and Costing Models is an important area of research that needs functional theoretical feedback. Hence in this paper, a statistical approach for power control based upon multiple costing frameworks using a machine learning model (SCM–MLM) has been designed and developed for power optimization and cost factor. This paper introduces and addresses a generalized model that has been built to evaluate idleness and create techniques to optimize the profitability of the enterprise. The maximization of trade-off capacity against organizational performance is demonstrated and it is seen to be organizational inefficiency by power optimization has been validated in this paper.

[1]  O. Williamson OUTSOURCING: TRANSACTION COST ECONOMICS AND SUPPLY CHAIN MANAGEMENT† , 2008 .

[2]  Fernando Ortega,et al.  Classification-based Deep Neural Network Architecture for Collaborative Filtering Recommender Systems , 2020, Int. J. Interact. Multim. Artif. Intell..

[3]  J. Korhonen,et al.  Circular Economy: The Concept and its Limitations , 2018 .

[4]  Naveen K. Chilamkurti,et al.  A framework for risk assessment, management and evaluation: Economic tool for quantifying risks in supply chain , 2019, Future Gener. Comput. Syst..

[5]  Sehun Lim,et al.  Optimization of Forecasting Supply Chain Management Sustainable Collaboration Using Hybrid Artificial Neural Network , 2005, ISNN.

[6]  Umang Soni,et al.  Demand Forecasting Using Artificial Neural Networks—A Case Study of American Retail Corporation , 2018, Advances in Intelligent Systems and Computing.

[7]  Mohamed Abdel-Basset,et al.  Internet of Things (IoT) and its impact on supply chain: A framework for building smart, secure and efficient systems , 2018, Future Gener. Comput. Syst..

[8]  Francisco Rodrigues Lima-Junior,et al.  Predicting supply chain performance based on SCOR® metrics and multilayer perceptron neural networks , 2019, International Journal of Production Economics.

[9]  Huixiang Zeng,et al.  Institutional pressures, sustainable supply chain management, and circular economy capability: Empirical evidence from Chinese eco-industrial park firms , 2017 .

[10]  B. Vos,et al.  Organizational Drivers and Barriers to Circular Supply Chain Operations , 2016, Operations Management and Sustainability.

[11]  Y. Geng,et al.  Resource efficiency, circular economy and sustainability dynamics in China and OECD countries , 2017 .

[12]  P. Lacy,et al.  Waste to Wealth: The Circular Economy Advantage , 2015 .

[13]  Anne Quarshie,et al.  Sustainability and corporate social responsibility in supply chains: The state of research in supply chain management and business ethics journals , 2016 .

[14]  Natura and the Development of a Sustainable Supply Chain in the Amazon Region , 2014 .

[15]  A. Tubis,et al.  Sustainable Supply Chains Versus Safety and Resilience , 2019 .

[16]  Sherali Zeadally,et al.  Container-as-a-Service at the Edge: Trade-off between Energy Efficiency and Service Availability at Fog Nano Data Centers , 2017, IEEE Wireless Communications.

[17]  Cristovao Silva,et al.  Improving Supply Chain Visibility With Artificial Neural Networks , 2017 .

[18]  Gunasekaran Manogaran,et al.  Simulation analysis of supply chain risk management system based on IoT information platform , 2019, Enterp. Inf. Syst..

[19]  Francisco Aguayo-González,et al.  Standardization Framework for Sustainability from Circular Economy 4.0 , 2019 .

[20]  Ciaran Heavey,et al.  Environmental and social supply chain management sustainability practices: construct development and measurement , 2015 .

[21]  P. Mohamed Shakeel,et al.  Hybrid geometric sampling and AdaBoost based deep learning approach for data imbalance in E-commerce , 2020, Electron. Commer. Res..

[22]  Agata Gurzawska,et al.  Towards Responsible and Sustainable Supply Chains – Innovation, Multi-stakeholder Approach and Governance , 2019, Philosophy of Management.

[23]  F. Yamoah Sustainability in Supply and Value Chain Management , 2019, Incorporating Sustainability in Management Education.

[24]  Vijender Kumar Solanki,et al.  Comparative Study on Ant Colony Optimization (ACO) and K-Means Clustering Approaches for Jobs Scheduling and Energy Optimization Model in Internet of Things (IoT) , 2020, Int. J. Interact. Multim. Artif. Intell..

[25]  A. Heshmati,et al.  A review of the circular economy in China : Moving from rhetoric to implementation , 2013 .

[26]  J. Nußholz,et al.  A Review and Evaluation of Circular Business Model Innovation Tools , 2019, Sustainability.

[27]  Zhang Yu,et al.  Strategic Supply Chain Management , 2019, EAI/Springer Innovations in Communication and Computing.

[28]  Goknur Arzu Akyuz,et al.  Strategic management perspectives on supply chain , 2020, Management Review Quarterly.