Next Article in Journal
Daylighting Design in Classroom Based on Yearly-Graphic Analysis
Next Article in Special Issue
Evaluating the Sustainability of Community-Based Long-Term Care Programmes: A Hybrid Multi-Criteria Decision Making Approach
Previous Article in Journal
Performance Indicator Framework for Evaluation of Sustainable Tourism in the Taiwan Coastal Zone
Previous Article in Special Issue
Analysis and Optimization of Power Supply Structure Based on Markov Chain and Error Optimization for Renewable Energy from the Perspective of Sustainability
Article Menu

Export Article

Open AccessArticle
Sustainability 2016, 8(7), 646; doi:10.3390/su8070646

Multicriteria Decision Analysis to Develop Effective Sustainable Development Strategies for Enhancing Competitive Advantages: Case of the TFT-LCD Industry in Taiwan

1
Department of Business Management, National Sun Yat-sen University, 70, Lien-Hai Rd., Kaohsiung City 80424, Taiwan
2
Institute of Management of Technology, National Chiao Tung University, Hsinchu 30010, Taiwan
3
Graduate Institute of Urban Planning, College of Public Affairs, National Taipei University, 151, University Rd., San Shia District, New Taipei City 23741, Taiwan
4
Zhongshan Institute, University of Electronic Science and Technology of China, Zhongshan 528402, China
*
Author to whom correspondence should be addressed.
Academic Editor: Kannan Govindan
Received: 13 March 2016 / Revised: 20 June 2016 / Accepted: 24 June 2016 / Published: 9 July 2016
(This article belongs to the Special Issue How Better Decision-Making Helps to Improve Sustainability)
View Full-Text   |   Download PDF [4981 KB, uploaded 9 July 2016]   |  

Abstract

In the Internet of Things era, panel displays play a major role in human life, because humans frequently use liquid crystal displays to monitor their electrical devices. The display industry creates remarkable economic output, but every manufacturing process inevitably has some undesirable effects on the environment. With the increasing awareness of environmental protection, balanced development is necessary to address the emerging market trends. However, short-sighted manufacturing corporations that focus solely on financial performance can achieve only short-term profits. The purpose of this study was to develop the most effective sustainable improvement strategies that can enhance competitive advantages in real-world situations. The proposed method combines the balanced scorecard and a new hybrid modified multiple attribute decision-making model which together adopt the DEMATEL technique to construct the influential network relation map and develop the DEMATEL-based ANP with the VIKOR method to deliver strategies that integrate environmental sustainability and competitive advantage. Finally, a real-world case study applying the proposed method to the cases of liquid crystal display manufacturers was conducted. Then, this paper discusses the effective use of natural resources, development of enterprises, and sustainable competitive advantage in this context. Various manufacturers, communities, and stakeholders can benefit from the coopetition solutions explained by the proposed method. View Full-Text
Keywords: sustainable improvement strategies; competitive advantage; ESG (environment, society, and governance); BSC (balanced scorecard); DEMATEL (decision making trial and evaluation laboratory); DANP (DEMATEL-based ANP); hybrid modified VIKOR; TFT-LCD (thin-film transistor liquid crystal display) sustainable improvement strategies; competitive advantage; ESG (environment, society, and governance); BSC (balanced scorecard); DEMATEL (decision making trial and evaluation laboratory); DANP (DEMATEL-based ANP); hybrid modified VIKOR; TFT-LCD (thin-film transistor liquid crystal display)
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Lu, I.-Y.; Kuo, T.; Lin, T.-S.; Tzeng, G.-H.; Huang, S.-L. Multicriteria Decision Analysis to Develop Effective Sustainable Development Strategies for Enhancing Competitive Advantages: Case of the TFT-LCD Industry in Taiwan. Sustainability 2016, 8, 646.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top