A multi-objective particle swarm optimization algorithm for business sustainability analysis of small and medium sized enterprises


Sustainability is the major issue of small and medium sized enterprises (SMEs) all across the globe. Although SMEs contribute to GDP of any country their negative contribution to environment is also significant. Prior studies on SMEs’ sustainability mainly classified into three categories—the correlation between environmental and social practices with economic performance, sustainable supply chain performance measurement, and empirical research on sustainability practices. There is no study that objectively derives the sustainable structure of SMEs through optimal combination of sustainability practices (inputs) and performance (outputs). Therefore, the main objective of this paper is to generate optimal structure of sustainable SMEs by combining neural network and particle swarm algorithm while considering Multi-Objective framework. The study uses data from 54 SMEs of Normandy in France and 30 SMEs of Midlands in the UK. The data was gathered through questionnaire survey. As we do not have the explicit expression of our objective functions, we train a neural network on our databases in order to enable the generation of value of the different objectives for any profile. We design and run a multi-objective version of particle swarm optimization (MPSO) to generate efficient companies’ structures. The weighted sum method is then used for different weights. The comparison of observed data and the results of the PSO analysis facilitates to derive improvement measures for each individual SME.

Publication DOI: https://doi.org/10.1007/s10479-018-2974-0
Divisions: College of Business and Social Sciences > Aston Business School > Operations & Information Management
Additional Information: © Springer Science+Business Media, LLC, part of Springer Nature 2018. The final publication is available at Springer via https://doi.org/10.1007/s10479-018-2974-0
Uncontrolled Keywords: Neural network,Particle swarm optimization,Multi-objective programming,Sustainability practices and performance
Publication ISSN: 1572-9338
Last Modified: 29 Apr 2024 07:25
Date Deposited: 01 Aug 2018 08:44
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Related URLs: http://link.spr ... 0479-018-2974-0 (Publisher URL)
PURE Output Type: Article
Published Date: 2020-10
Published Online Date: 2018-07-26
Accepted Date: 2018-07-01
Authors: Abdelaziz, Fouad Ben
Alaya, Houda
Dey, Prasanta Kumar (ORCID Profile 0000-0002-9984-5374)



Version: Accepted Version

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