Can industry 5.0 revolutionize the wave of resilience and social value creation? A multi-criteria framework to analyze enablers

Sindhwani, Rahul; Afridi, Shayan; Kumar, Anil; Banaitis, Audrius; Luthra, Sunil; Singh, Punj Lata

doi:10.1016/j.techsoc.2022.101887

Cited by 142 publications

(95 citation statements)

References 56 publications

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“…The resulting hybrid model is a practical tool to support decision-making processes in the expert evaluation of projects to strengthen the resilience and health of regions and cities, appreciating solutions to human and technological aspects of transfer to the Industry 5.0 concept and the potential to manage them. The study by Sindhwani et al [19] notes that the Industry 5.0 revolution is a challenge to put the ideas of sustainability into practice, to integrate human values with technology and is considered a step forward in achieving the goals of sustainable development. This study therefore proposes a framework for analyzing the factors that enable Industry 5.0 to achieve sustainability integration of human values with technology.…”

Section: Discussionmentioning

confidence: 99%

“…The aim of another scientific study of Sindhwani at al. [19] is to analyze the factors of Industry 5.0 to achieve sustainability by integrating human values with technology. Moreover, the following work of Yin et al [20] examines and proves the need to create digital green knowledge in the Industry 5.0 concept.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Next, for all projects the values of Z e = z pe , z re , z te , e = 1, 5 were found, which characterize the relative estimates of the proximity of the evaluated projects to the vector of investors' goals, for ( 17)- (19). For example, for a project (20).…”

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confidence: 99%

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A Complex Hybrid Model for Evaluating Projects to Improve the Sustainability and Health of Regions and Cities

Келемен

Gavurová

Polishchuk

2022

IJERPH

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The main goal of the study is to develop a complex hybrid model for evaluating projects to improve the sustainability and health of regions and cities within the European Green Deal and Industry 5.0 concepts. The complex model is a comprehensive evaluation system that considers various influencing factors, the investor’s intentions regarding the need and financing of projects, as well as expert opinion on the possibility of achieving sustainability and health of regions and cities by implementing this project with the investor. The model is based on modern theory of intellectual knowledge analysis, fuzzy set theory, and systems approach. Furthermore, we have an initial quantitative assessment and the linguistic significance of the level of the project financing decision with a reliability assessment. The knowledge from the repository of 896 project plans in the field of transport submitted for implementation and financing in the period 2021–2027 was used for the creation of the model. The results of the study were tested on the examples of evaluation of five real projects and demonstrated the applied value of the methodology for evaluating the level of decision-making feasibility of project financing in uncertainty and the importance of making correct management decisions based on expert opinions.

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Section: Discussionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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A Complex Hybrid Model for Evaluating Projects to Improve the Sustainability and Health of Regions and Cities

Келемен

Gavurová

Polishchuk

2022

IJERPH

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“…To remain competitive, construction companies must investigate the noteworthy potential of integrated computer innovations, artificial intelligence (AI), such as the Internet of Things (IoT), blockchain technology, etc. to address the challenge of consumer requests and administrative standards and realize trade openings through the operational efficiency (Rejeb et al, 2020;Sindhwani et al, 2022;Bakhtiarizadeh et al, 2021). Tiwari et al (2014) conducted a literature review to assess the current level of SCM research in the construction industry.…”

Section: Introductionmentioning

confidence: 99%

Sustainable Supply Chain Management in Construction: An Exploratory Review for Future Research

Cataldo

Banaitis

Samadhiya

et al. 2022

Journal of Civil Engineering and Management

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Although the importance of supply chain management in the construction sector has been recognized in recent years, its implementation still faces significant challenges. For the long-term evaluation of this creative sector, numerous intricate sustainability components, such as environmental, social, and financial, are necessary. The study focuses on longterm sustainability considerations in the supply chain in the construction sector. This work aims to address this information and examine sustainable supply chain management (SSCM) research in the construction sector in this manner. More than 95 publications were studied from the beginning of 2017 to the end of 2021 using both in-depth content analysis and bibliometric methodologies. Several issues of SSCM in construction have been found including environmental, economic and social patterns which are most commonly known as the triple bottom line, typically enhanced by artificial intelligence. Many challenges were discovered including inefficiencies in the logistics system and a shortage of funding, environmental issues in demolition procedures and difficulties in applying sustainability measures due to high skill, data, and time requirements. The article offers a broad list of potentials for improving the current situation in the construction sector by using various types of supply chains such as increasing investment in energy conservation and emission reduction technologies to drive sustainable development, establishing strong green supply chain relationships, and forming a Covid-19 financial support group for small construction companies among other things. The study’s findings suggested that due to the significance of long-term relationships between construction companies, suppliers and customers, smart technology could make it simpler to reach every supply chain link. After an exhaustive literature review 59 research questions were formulated for the future research. In the future, the importance of these questions could be determined using expert questionnaires and multi-criteria evaluation.

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“…The world is currently faced with an era of disruption (disruption/chaos), not only 1(one) dimension of disruption but has become 3 (three) disruptions or Triple Disruption, namely: Industrial Revolution 4.0, Covid 19 Pandemic and Society Revolution 5.0 (Choi & Siqin, 2022;Grybauskas et al, 2022;Marsden & Docherty, 2021;Rad et al, 2022;Sindhwani et al, 2022). Of the three disturbances, the disruption from the Covid 19 pandemic is the biggest nuisance that has an impact on changing life patterns in the community (Kareem, 2021;Morris et al, 2022;Waitt & Stanes, 2022).…”

Section: Introductionmentioning

confidence: 99%

Analysis of Wages and Severance Pay During the Covid-19 Pandemic Reviewed from Labor Law

Wakhyuni

Nurhayati

Setiawan

2022

ijjm

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The Corona Virus Disease 2019 pandemic was first discovered in the city of Wuhan, China at the end of December 2019. This virus spreads very quickly and has spread to almost all countries, including Indonesia. As a result of the spread of the Corona virus, it has a negative impact on several sectors such as the economic sector, business, tourism, industry, health and so on. The tourism sector has been hit hard by the Covid-19 pandemic. Until now, almost all tourist destinations in Indonesia are closed. This is a very difficult condition, in Indonesia almost all tourist destinations, hotels, facilities, and entertainment are closed and are only allowed for 50% of visitors based on Government recommendations. The Karo Regency Government is also facing the same problem, one of the sectors that is relied upon to support Karo Regency's Original Regional Revenue (PAD) is from the tourism sector, and Brasatagi Subdistrict is one of the sub-districts that is the mainstay of the tourism sector in Karo Regency. Speaking of the tourism sector, the industry that is most closely related is Hotels and Restaurants. Throughout 2020 until mid-2021, the hotel occupancy rate in the Brastagi District fell by almost 90%. The very significant decline in the level of tourist visits, hotel occupancy and restaurant visitors in Brastagi District has caused entrepreneurs of tourist sites, hotels and restaurants to suffer huge losses. Employers are no longer able to cover all operational costs, including the cost of wages for workers. This forces employers to rearrange their working hours and calculate the number of workers that they still allow them to employ. Some of this is done by applying alternate vacations or leave to their employees, some of them who are no longer able to survive, are forced to lay off temporarily, cut wages. or terminate the employment of its employees. The findings in this study are that employers are still required to pay wages in full in the form of basic wages and fixed allowances as long as workers are laid off during the COVID-19 pandemic and are required to provide severance pay for workers who have been laid off in accordance with Article 156 of Law No. 2003 concerning Manpower and the Ninth Part, Article 37 concerning Payment of Wages in a State of Bankruptcy in the Government Regulation concerning Wages no. 78 of 2015.

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Can industry 5.0 revolutionize the wave of resilience and social value creation? A multi-criteria framework to analyze enablers

Cited by 142 publications

References 56 publications

A Complex Hybrid Model for Evaluating Projects to Improve the Sustainability and Health of Regions and Cities

A Complex Hybrid Model for Evaluating Projects to Improve the Sustainability and Health of Regions and Cities

Sustainable Supply Chain Management in Construction: An Exploratory Review for Future Research

Analysis of Wages and Severance Pay During the Covid-19 Pandemic Reviewed from Labor Law

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