With the recent development of new technologies such as the Internet of Things (IoT), Cyber-Physical Systems (CPS), and cloud-based systems, the smart manufacturing concept based on ICT or AI is expected to have tremendous potential to realize a digital transformation with customer involvement in production. The role of production will need to change accordingly, as it is obvious that the traditional business model based on process chains for production functionality has limitations for further growth. In production, it is necessary to consider value chains with service factors for adding innovative value to products. Value creation is an important concept to the realization of a sustainable ecosystem in production.
This special issue addresses the latest research on value creation in production and service systems. Including ten advanced research papers and one development report, it covers a wide range of topics, including smart factories, logistics, distribution with value chains; product service systems; sustainable ecosystems with value in production and service industries; the sharing economy in production systems with cloud computing; the application of digital transformations in production and service systems.
All papers and reports were refereed through careful peer reviews with experts. The editors deeply appreciate the authors for their careful work and the reviewers for their invaluable efforts, without which this special issue would not have been possible. Finally, we hope this special issue provides valuable information to our interested readers and encourages further research on value creation in production.
The potential of sharing economy business models for sustainable value creation
