Application of Robust Control for CSR Formalization and Stakeholders Interest
S. BEN ABDALLAH
, , M. PETRECZKY
2023, Computational Economics, 62, pp.891-934
Sustainability
Corporate social responsibility
Stakeholder theory
Control theory
Linear matrix inequalities
Abstract
In this paper, we propose a new definition of sustainability that includes dynamics and equity. We propose a theoretical framework that allows finding a fair and sustainable strategy for all stakeholders. More precisely, the framework allows calculating
a strategy which ensures that in the long run the interests of all the stakeholders
are reconciled. In order to calculate a such a strategy, we model stakeholders and actors as dynamical systems in state-space form. Furthermore, we use robust control and linear matrix inequalities to calculate the desired strategy. We use several simulation scenarios to show the effectiveness of our proposed framework