4.6 Article

INVESTIGATION OF INDUSTRY 5.0 HURDLES AND THEIR MITIGATION TACTICS IN EMERGING ECONOMIES BY TODIM ARITHMETIC AND GEOMETRIC AGGREGATION OPERATORS IN SINGLE VALUE NEUTROSOPHIC

Journal

FACTA UNIVERSITATIS-SERIES MECHANICAL ENGINEERING
Volume 21, Issue 3, Pages 405-432

Publisher

UNIV NIS
DOI: 10.22190/FUME230616020D

Keywords

Industry 5.0; Risk mitigation; Neutrosophic sets; Aggregation operators; TODIM; DEMATEL

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Industry 5.0 acceptance is accelerating, but research is still in its infancy. This study aims to enumerate and rank potential obstacles, and assess interdependencies for Industry 5.0 adoption using a multi-criteria decision-making approach. The findings highlight expenses and funding system, capacity scalability, and upskilling and reskilling of human labor as the most significant hurdles.
Industry 5.0 acceptance is accelerating, but research is still in its infancy, and existing research covers a small subset of context-specific obstacles. This study aims to enumerate all potential obstacles, quantitatively rank them, and assess interdependencies at the organizational level for Industry 5.0 adoption. To achieve this, we thoroughly review the literature, identify obstacles, and investigate causal relationships using a multi-criteria decision-making approach called single value Neutrosophic TODIM. Single-valued Neutrosophic sets (SVNS) ensembles are employed in a real-world setting to deal with uncertainty and indeterminacy. The suggested strategy enables the experts to conduct group decision-making by focusing on ranking the smaller collection of criterion values and the comparison with the decision-making trial and evaluation laboratory method (DEMATEL). According to the findings, the most significant hurdles are expenses and the funding system, capacity scalability, upskilling, and reskilling of human labor. As a result, a comfortable atmosphere is produced for decision-making, enabling the experts to handle an acceptable amount of data while still making choices.

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