A Fuzzy Multiplicative Performance Indicator to Measure Circular Economy Efficiency

Abstract

In a world where the linear economy has already proven its limits. Sustainable development through circular economy becomes a necessity more than a choice. To verify the adequacy between a sustainable development objective and the related management of operations, a variety of performance indicators exist in the literature and an overall is required to ease comparisons. Here we use an extended fuzzy weighted product to avoid overvaluation of an indicator over the others. To handle qualitative aspects, fuzzy logic is used to shorten the gap between humans’ perception and machine language. These qualitative features require various evaluators to reduce bias. Thus, a coherence measure is adapted.