Stakeholder management decision-making process for circular economy practices in private health organizations using TOPSIS.
DOI:
https://doi.org/10.15649/2346030X.4434Keywords:
TOPSIS, stakeholder salience, circular economy, operations research, sustainabilityAbstract
Circular economy is a restorative model that aims to preserve and enhance natural capital, optimize resources and to increase a productive system by eliminating negative externalities, integrating a multidisciplinary perspective that includes sustainability, economics, governance, and management. Given the relevance of the stakeholder management models in the modern era, as an essential approach to engage relevant interest parties in the production process of any organization, identifying essential links to a diversity of groups of interest, engaging ultimate stakeholders, and implementing a continuous improvement process in the interactions of companies with such incumbents, this research work introduces the use of TOPSIS, as a multicriteria decision analysis method to identify the best path of implementation for circular economy practices in an organization. The result of the research contributes to the understanding of a stakeholder salience model with a multicriteria model in a circular economy environment that promotes a proper managerial model including a decision-making process engaging profits, people, and the planet.
References
[1] Y. Ramakrishna y B. Srivastava, «Strategies for Environmentally Responsible Supply Chain and Production Management,» IGI Global, 2024.
[2] I. Akomea-Frimpong, X. Jin, R. Osei Kyei, R. Tumpa, P. A. Tetteh, J. Ofori y F. Pariafsai, «A review of circular economy models and success factors on public-private partnership infrastructure development,» Built Environment Project and Asset Management, vol. 14, nº 1, pp. 109-126, 2024.
[3] M. Kumaraswamy, «Routledge Handbook of Construction Project Procurement and Delivery: Fundamentals, Trends and Imperatives.,» 2024.
[4] D. Harder, J. Frecè, M. Kyriazopoulos y S. Bianchi, «Systems thinking and a value-based definition of sustainability as base for a social enterprise,» Green Production Engineering and Management, pp. 1-37, 2022.
[5] A. Gandolfo y L. Lupi, «Circular economy, the transition of an incumbent focal firm: How to successfully reconcile environmental and economic sustainability?,» Business Strategy and the Environment, vol. 30, nº 7, pp. 3297-3308, 2021.
[6] J. Santos y G. Fernandes, «Prioritizing Stakeholders in Collaborative Research and Innovation Projects Toward Sustainability,» Project Management Journal, 2024.
[7] J. Köpman, V. Leiviskä, H. Haapasalo, P. Annunen y J. Majava, «Stakeholder Management in Circular Economy Product Development in the Mining Industry–A Case Study,» In IFIP International Conference on Advances in Production Management Systems, pp. 100-114, 2023.
[8] A. Galati y N. Adamashvili, «Stakeholder engagement: A strategy to support the transition toward circular economy business models.,» Current Developments in Biotechnology and Bioengineering, pp. 413-430, 2023.
[9] G. Ascione, F. Cuomo, N. Mariotti y L. Corazza, «Urban Living Labs, Circular Economy and Nature-Based Solutions: Ideation and Testing of a New Soil in the City of Turin Using a Multi-stakeholder Perspective,» Circular Economy and Sustainability, vol. 1, nº 2, pp. 545-562, 2021.
[10] S. Senaratne, K. Abhishek, . S. Perera y L. Almeida, «Promoting stakeholder collaboration in adopting circular economy principles for sustainable construction,» 2021.
[11] F. Blomsma, D. Pigosso y T. McAloone, «A theoretical foundation for developing a prescriptive method for the co-design of circular economy value chains,» Proceedings of the Design Society: International Conference on Engineering Design, vol. 1, nº 1, pp. 3141-3150, 2019.
[12] C. Jabbour, A. B. L. de Sousa Jabbour, J. Sarkis y M. Godinho Filho, «Unlocking the circular economy through new business models based on large-scale data: an integrative framework and research agenda.,» Technological Forecasting and Social Change, vol. 144, pp. 546-552, 2019.
[13] A. Ilinova, A. Cherepovitsyn y O. Evseeva, «Stakeholder management: An approach in CCS projects,» Resources, vol. 7, nº 4, p. 83, 2018.
[14] S. Bajaj, «In support of the circular economy: an exercise in stakeholder mapping,» Matériaux & Techniques, vol. 105, nº (5-6), p. 512, 2017.
[15] J. Kirchherr, D. Reike y M. Hekkert, «Conceptualizing the circular economy: An analysis of 114 definitions,» Resources, conservation and recycling, vol. 127, pp. 221-232, 2017.
[16] Y. Kalmykova, M. Sadagopan y L. Rosado, «Circular economy–From review of theories and practices to development of implementation tools,» Resources, conservation and recycling, vol. 135, pp. 190-201, 2018.
[17] T. Zink y R. Geyer, «Circular economy rebound,» Journal of industrial ecology,, vol. 21, nº 3, pp. 593-602, 2017.
[18] T. Lahti, J. Wincent y V. Parida, «A definition and theoretical review of the circular economy, value creation, and sustainable business models: where are we now and where should research move in the future?,» Sustainability, vol. 10, nº 8, p. 2799, 2018.
[19] C. J. C. Jabbour, S. Seuring, A. B. L. de Sousa Jabbour, D. Jugend, P. D. C. Fiorini, . H. Latan y W. Izeppi, «Stakeholders, innovative business models for the circular economy and sustainable performance of firms in an emerging economy facing institutional voids,» Journal of environmental management, vol. 264, p. 110416, 2020.
[20] V. Ranta, L. Aarikka-Stenroos y S. Mäkinen, «Creating value in the circular economy: A structured multiple-case analysis of business model,» Journal of cleaner production, vol. 201, pp. 988-1000, 2018.
[21] M. Hina, C. Chauhan, P. Kaur, S. Kraus y A. Dhir, «Drivers and barriers of circular economy business models: Where we are now, and where we are heading,» Journal of Cleaner Production, vol. 333, p. 130049, 2022.
[22] M. Barreiro‐Gen y R. Lozano, «How circular is the circular economy? Analysing the implementation of circular economy in organisations,» Business Strategy and the Environment, vol. 29, nº 8, pp. 3484-3494, 2020.
[23] S. Gupta, H. Chen, B. Hazen, S. Kaur y E. D. S. Gonzalez, «Circular economy and big data analytics: A stakeholder perspective,» Technological Forecasting and Social Change, vol. 144, pp. 466-474, 2019.
[24] S. Modgil, S. Gupta, U. Sivarajah y B. Bhushan, «Big data-enabled large-scale group decision making for circular economy: An emerging market context,» Technological Forecasting and Social Change, vol. 166, p. 120607, 2021.
[25] F. Acerbi, C. Sassanelli y M. Taisch, «A conceptual data model promoting data-driven circular manufacturing,» Operations Management Research, vol. 15, nº 3, pp. 838-857., 2022.
[26] S. Singh, C. Babbitt, G. Gaustad y et al., «Thematic exploration of sectoral and cross-cutting challenges to circular economy implementation,» vol. 23, p. 915–936, 2021.
[27] M. Krstić, G. Agnusdei, P. Miglietta y S. Tadić, «Evaluation of the smart reverse logistics development scenarios using a novel MCDM model,» Cleaner Environmental Systems, vol. 7, p. 100099, 2022.
[28] OECD & Eurostat, Oslo manual: Guidelines for collecting and interpreting innovation data, vol. 3, OECD Publishing, 2005.
[29] S. Esparza y J. Martínez, «The shared benefit approach to competitiveness,» Mercados y Negocios, vol. 1, nº 39, pp. 66-85, 2019.
[30] B. Uzun, M. Taiwo, A. Syidanova y D. Uzun Ozsahin, «The Technique For Order of Preference by Similarity to Ideal Solution (TOPSIS).,» de Application of Multi-Criteria Decision Analy, D. G. H. U. B. L. J. Uzun Ozsahin, Ed., 2021, pp. In: Uzun Ozsahin, D., Gökçekuş, H., Uzun, B., LaMoreaux, J. (eds).
[31] L. P. Domínguez, J. M. García, K. Y. S. Mojica y D. L. Cruz, «Comparación Método multi-criterio TOPSIS y MOORA para la optimización de un proceso de inyección de plástico.,» Mundo Fesc, vol. 7, nº 14, pp. 98-105., 2017.
[32] C. A. Yajure Ramírez y Guzman, Y. A. , «Estudio comparativo de técnicas de toma de decisiones multicriterio para la jerarquización de tecnologías de energías renovables a utilizar en la producción de electricidad,» Scientia Et Technica, vol. 22, nº 3, p. 273–280, 2017.
[33] D. R. Heise, «The semantic differential and attitude research.,» Attitude measurement,, vol. 4, pp. 235-253, 1970.
[34] S. Rodríguez, J. Martínez-Arroyo, G. Tapia y E. Fernández, «Alternativas para impulsar el crecimiento económico ante la crisis del “Gran confinamiento”: una aproximación usando el método TOPSIS.,» LA HUMANIDAD A PRUEBA, vol. 102, 2020.
[35] K. Jeffers, Guidance for National Stakeholder Engagement on Ageing Policy., UNECE, 2024.
[36] R. E. Freeman, J. S. Harrison y S. Zyglidopoulos, Stakeholder theory: Concepts and strategies., Stakeholder theory: Concepts and strategies: Cambridge University Press., 2018.
[37] F. Ackermann y C. Eden, «Strategic management of stakeholders: Theory and practice.,» Long range planning,, vol. 44, nº 3, pp. 179-196, 2011.
Downloads
Published
How to Cite
Downloads
Issue
Section
License
Copyright (c) 2025 AiBi Journal of Research, Administration and Engineering
This work is licensed under a Creative Commons Attribution 4.0 International License.
The journal offers open access under a Creative Commons Attibution License
This work is under license Creative Commons Attribution (CC BY 4.0).
