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Application of robust control for CSR formalization and stakeholders interest

Sana Ben Abdallah, Dhafer Saidane (dhafer.saidane@skema.edu) and Mihaly Petreczky (mihaly.petreczky@centralelille.fr)
Additional contact information
Sana Ben Abdallah: UMA - Université de la Manouba [Tunisie]
Dhafer Saidane: SKEMA Business School
Mihaly Petreczky: CRIStAL - Centre de Recherche en Informatique, Signal et Automatique de Lille - UMR 9189 - Centrale Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique

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Abstract: In this paper, we propose a new definition of sustainability that includes dynamics and equity. We propose a theoretical framework that allows finding a fair and sustainable strategy for all stakeholders. More precisely, the framework allows calculating a strategy which ensures that in the long run the interests of all the stakeholders are reconciled. In order to calculate a such a strategy, we model stakeholders and actors as dynamical systems in state-space form. Furthermore, we use robust control and linear matrix inequalities to calculate the desired strategy. We use several simulation scenarios to show the effectiveness of our proposed framework. Response to Reviewers: For a detailed response to reviewer's comments please see the pdf file containing the revised manuscript and our response to reviewers attached to the revised version of our manuscript

Keywords: Sustainability; corporate social responsibility; stakeholder theory; control theory; linear matrix inequalities; Pareto-optimality (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-env
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Published in Computational Economics, 2023, 64, pp.891-934. ⟨10.1007/s10614-022-10286-y⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03832613

DOI: 10.1007/s10614-022-10286-y

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