Application of Robust Control for CSR Formalization and Stakeholders Interest

Sana Ben Abdallah (), Dhafer Saidane () and Mihaly Petreczky ()
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Sana Ben Abdallah: Univ. Manouba, ESCT, Campus Universitaire Manouba
Dhafer Saidane: Skema Business School, Université Cote d’Azur
Mihaly Petreczky: Centre de Recherche en Informatique, Signal et Automatique de Lille (CRIStAL), UMR CNRS 9189, CNRS

Computational Economics, 2023, vol. 62, issue 3, No 5, 934 pages

Abstract: 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.

Keywords: Sustainability; Corporate social responsibility; Stakeholder theory; Control theory; Linear matrix inequalities (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s10614-022-10286-y

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