Multidimensional Analysis of Investment Priorities for Circular Economy with Quantum Spherical Fuzzy Hybrid Modeling

Hasan Dinçer, Serhat Yüksel, Umit Hacıoglu () and Babek Erdebilli ()
Additional contact information
Hasan Dinçer: Istanbul Medipol University, School of Business, Turkey†Clinic of Economics, Azerbaijan State University of Economics (UNEC), Istiqlaliyyat Str. 6, Baku, AZ1141, Azerbaijan§Ibn Haldun University, School of Business, Turkey
Serhat Yüksel: Istanbul Medipol University, School of Business, Turkey†Clinic of Economics, Azerbaijan State University of Economics (UNEC), Istiqlaliyyat Str. 6, Baku, AZ1141, Azerbaijan‡Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon
Umit Hacıoglu: �Ibn Haldun University, School of Business, Turkey
Babek Erdebilli: Department of Industrial Engineering, Ankara Yıldırım Beyazıt University, 06010 Ankara, Turkey

International Journal of Information Technology & Decision Making (IJITDM), 2025, vol. 24, issue 01, 61-87

Abstract: Circular economy aims recycling in the production process instead of destroying the products. With the help of this situation, waste can be considered in the remanufacturing process so that the rate of consumption of natural resources can be decreased. It is necessary to focus on certain investment issues to achieve a circular economy, but all investments have some risks. Hence, the economies should make priority analysis to take efficient actions. Investment priorities are identified to have circular economy. A novel fuzzy decision-making model has been created for this purpose. In the first stage, balanced scorecard criteria are evaluated with the help of multi stepwise weight assessment ratio analysis (M-SWARA). Later, the multidimensional investment priorities of circular economy are ranked. In this context, elimination and choice translating reality (ELECTRE) approach is taken into consideration. The main contribution of the paper is that a new methodology is created by the name of M-SWARA. Owing to these new improvements, cause and effect relationship among the items can be analyzed. It is identified that financial issues play the most crucial role for investments to improve circular economy. On the other side, it is also concluded that remanufacturing is the most significant investment alternative to develop circular economy. For the sustainability of the investment to improve circular economy, necessary financial analysis should be performed. With the help of this situation, these substances can be reintroduced into the production process in the form of raw materials. With the increase of remanufacturing, it will be possible to reduce waste and save scarce material resources.

Keywords: Circular economy; investment analysis; corporate finance; economic growth; fuzzy decision-making (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S021962202350075X
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijitdm:v:24:y:2025:i:01:n:s021962202350075x

Ordering information: This journal article can be ordered from

DOI: 10.1142/S021962202350075X

Access Statistics for this article

International Journal of Information Technology & Decision Making (IJITDM) is currently edited by Yong Shi

More articles in International Journal of Information Technology & Decision Making (IJITDM) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().