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• Offering a novel fuzzy robust approach for closed-loop supply chain network design. • Examining the hybrid uncertainties and flexibility of constraints in the problem. • Considering economic, responsibility, and environmental subjects in modeling. • Using the interactive fuzzy programming approach to solve the multi-objective model. • Introducing a new application for stone paper closed-loop supply chain network design. Nowadays, the production of stone paper, in addition to its widespread utilization in various fields, does not require water consumption, cutting down trees, and stone paper products are easily recyclable and recoverable. Due to the importance of developing and using stone paper and paying attention to environmental matters, Closed-Loop Supply Chain Network Design (CLSCND) is very important for stone paper products. Moreover, due to epistemic, randomness uncertainties, the uncertainties in Objective Function (OF), and the flexible constraints for CLSCND in the real world, this paper introduces a novel Mixed Robust Stochastic, Possibilistic, and Flexible Programming (MRSPFP) approach based on credibility theory. The different attitudes of the Decision-Makers (DMs) are addressed by a more flexible measurement of the optimistic and pessimistic parameters using the criterion of credibility. In the study, a comprehensive procedure is proposed for stone paper CLSCND, to minimize costs, increase responsiveness by minimizing transit time between different facilities, and regarding environmental concerns into account through minimizing carbon emissions. The model is solved utilizing an interactive fuzzy programming solution procedure and the Best-Worst Method (BWM). The results of sensitivity analysis, the effect of changing the problem parameters, and the performance of the proposed model are investigated and compared. The results show that the MRSPFP model has a better performance compared to other previous models. The MRSPFP model performs better in strategic decisions that require high investment costs due to the minimization of the absolute deviation of OF from its mean. Also, the applied results of the study show that CLSCND has a good capability and potential for sustainable development in the field of stone paper. [ABSTRACT FROM AUTHOR]

Water as the core of Sustainable Development (SD) alongside a significant increase in the global demand for water causes the subject of Urban Water and Wastewater (U2W) management to be essential in exploring the future. As a means of future studies, MICMAC reveals the influence and dependence of a variable concerning all others by examining all interactions in the system. These interactions should be analyzed in two dimensions: "Impact" and "Time". Usually, two types of impacts are used, including direct and indirect. Also, most methods have a critical weakness in that it does not include the impact of "time" in the analysis. This paper suggests a novel approach to MICMAC (named MICMAC-T), which promotes understanding indirect cross impacts by considering the influence of "time" in analysis. This helps in particular with U2W, which faces major future challenges toward SD. The practical approach developed in this paper can be quickly and flexibly initiated because of its toolbox-based design, integrating text mining, PESTEL, MICMAC, Floyd-Warshall, and interviews in a single model. Therefore, the proposed method could also be considered a new contribution to the CIA. To demonstrate the contribution of MICMAC-T, the case of the Iranian U2W pathway toward SD is investigated to find the driving forces. The results of applying this approach in finding the driving forces for Iranian U2W include new interesting findings. The results of MICMAC-T suggest that "Legal comprehensiveness," "Urban economic development policies," "High-level policy documents," "Public social awareness in society," "Geographical location (climate)," "Law enforcement guarantee," "U2W governance", and "Urban water resources scarcity" are driving forces for the Iranian U2W. Among these variables, "Urban economic development policies" and "Public social awareness in society" were neglected in traditional MICMAC and categorized as driving forces only using MICMAC-T, which indicates the crucial influence of time on Iranian U2W. [ABSTRACT FROM AUTHOR]

In recent decades, global climate change has become one of the most critical environmental issues, leading to increased environmental and social concerns about the sustainability of logistics networks. This study proposes a novel multi-objective, multi-facility location–allocation model for a two-stage solid logistics network that supports green practices. To account for uncertainty in real-world problems, some parameters of the model are represented as triangular type-2 neutrosophic numbers to deal with hesitant situations. The fuzzy model is then converted into a deterministic one using a new ranking approach. Three conflicting objective functions – minimizing total financial costs, maximizing customers' satisfaction levels, and ensuring sustainable and effective conveyances – are simultaneously optimized using the ϵ -constraint approach. The proposed model and solution approach are tested with two numerical examples. A comparative study is also presented, comparing the proposed approach with other Pareto-based multi-objective approaches, such as the global criterion approach, multi-objective fuzzy programming, and weighted Chebychev programming. Finally, the paper concludes with some remarks. • A model integrating location–allocation, two-stage, and solid logistics problems. • Analyzed mixed-integer non-linear multi-objective model under two-fold uncertainty. • De-neutrosophic based on a novel ranking function for sustainable decision-making. • Conducted a comparative analysis of the proposed model against existing approaches. • Demonstrated the impact of carbon emissions constraint with two applications. [ABSTRACT FROM AUTHOR]

In the context of global sustainable development, environmental, social, and governance (ESG) investment has become a frontier topic in the field of asset management. This paper focuses on ESG-valued multi-period portfolio selection problem which incorporates ESG factor into traditional portfolio optimization. Using ESG-valued returns instead of traditional returns, we propose an ESG-valued fused LASSO model to promote an optimal sparse multi-period portfolio strategy. The objective of the model is to minimize a combination of returns and risks with respect to ESG ratings based on classical Markowitz mean–variance framework. The sparsity of the portfolio at each period and the turnover across periods is achieved by the ℓ 1 regularization approach. To improve the out-of-sample performance of the ESG-valued model, we introduce two machine learning methods, namely random forest and support vector regression, to predict the ESG-valued returns. We develop a symmetric alternating direction method of multipliers to solve the regularized optimization model. Additionally, some other sparsity-driven penalty functions are discussed which results in a general framework of multi-period portfolio optimization. Finally, numerical experiments on several real datasets from both in-sample and out-of-sample demonstrate the positive effect of ESG in multi-period portfolio optimization. [ABSTRACT FROM AUTHOR]

• The score function is proposed for hesitant Fermatean fuzzy set. • Unify the framework of Regional Green Development Level Evaluation. • Improve MULTIMOORA method is proposed with hesitant Fermatean fuzzy information. • Level Difference Maximization Method to combine subjective and objective weights. • Case study of RGDL is presented to show the potentiality of the developed method. Economic green development has received increase attention. However, the uncertainty decision processes in the development of green economic growth has brought challenges to the evaluation, which leads to the evaluation index system has not yet reached a consensus. In order to solve the above problems, this paper, based on the established and developed regional green development level evaluation (RGDLE) system in existing literature, employed improved MULTIMOORA group decision model under the hesitant fuzzy Fermatean environment (HFFS-MULTIMOORA) and an innovative weighting method to develop the RGDLE process. This evaluation framework describes the complexity of the RGDLE process. The Level Difference Maximization Method to combine the average-based subjective weight-determining method and the Shannon-entropy-based objective weight-determining method is developed to fit RGDLE problems with cognitive complex information. This innovative index system and HFFS-MULTIMOORA method based group decision-making framework is further applied to evaluate the green development level of five provinces and municipalities along the Yangtze River Economic Zone, China. Results showed the optimal green development levels ranking of the five alternative provinces and municipalities of the Yangtze River Economic Zone, China. Moreover, the effectiveness and feasibility of the model framework was verified by robustness and comparative analysis between the existing method. This paper contributes not only to the literature on RGDLE but also to giving decision-makers and researchers inside and outside China valuable inspiration and references for improving the evaluation efficiency and giving policy suggestions. [ABSTRACT FROM AUTHOR]

Since the different matching schemes between manufacturing tasks and services have a great influence on the life cycle sustainability of complex product system (CoPS), the strategy used to find cost-effective, environmentally friendly, and socially acceptable matching results is essential for sustainable development. This paper proposed a novel two-sided matching model for CoPS based on life-cycle sustainability assessment (TSMM-CoPS-LCSA). First, the two-sided matching model based on the life-cycle sustainability assessment of manufacturing tasks and services for CoPS is presented. Then, a bi-level decision-making method is proposed, where learning and synergy effect are considered to ensure stability in the matching process. Sequentially, to facilitate the optimization solution, the Karush-Kuhn-Tucker (KKT) conditions are adopted to convert the bi-level model to a single model which aims to minimize the total cost, environmental impact, and social impact. Subsequently, for solving this nonlinear and complex multi-objective decision-making model, an improved hybrid algorithm that integrated Tabu Search and non-dominated sorting genetic algorithm II (TS-NSGA-II) is applied to solve the above model. Finally, a case study of CoPS manufacturing project is illustrated to demonstrate the effectiveness and superiority of the proposed TSMM-CoPS-LCSA model. The results indicate that the proposed method can find a better services scheme in line with actual demand, which provides a guiding significance for promoting the sustainable development of the manufacturing industry. [ABSTRACT FROM AUTHOR]