Issue: 2025/Vol.35/No.3, Pages
ON THE FORMULATION OF A MULTI-DIMENSIONAL INDICATOR OF THE SUSTAINABILITY OF PRODUCTION
Hamed Fazlollahtabar
This is not yet the definitive version of the paper. This version will undergo additional copyediting, typesetting and review before it is published in its final form, but we are providing this version to give early visibility of the article.
Cite as: H. Fazlollahtabar. On the formulation of a multi-dimensional indicator of the sustainability of production. Operations Research and Decisions 2025: 35(3). DOI 10.37190/ord250304
Abstract
Concerns regarding the environment and social challenges have led to the evolution of a three-dimensional concept of sustainable development, which is based on costs and benefits in the domains of the economy, environment and society. This article presents such a multi-dimensional evaluation of business development based on data regarding indicators of sustainability. Such a procedure is required to determine whether development is balanced and where development strategies are malfunctioning. The sustainability measure proposed takes into account economic elasticity and pricing parameters, in order to handle the most important element of sustainability, namely macro-economic functions. The implementation of this method and assessment of sustainability are illustrated using data from an agricultural company.
Keywords: sustainability, sustainable value, sustainability measurement, pricing
Received: 29 March 2024 Accepted: 3 January 2025
Published online: 8 February 2025