Digitalization of the economy and digital technologies

2021 ◽  
pp. 116-127
Author(s):  
V.N. Rysina
Keyword(s):  
Life Cycle ◽  
Information Systems ◽  
Economic Activity ◽  
Product Life Cycle ◽  
Digital Technologies ◽  
Product Life ◽  
Processing Data ◽  
Global Trend ◽  
Production Distribution ◽  
Information And Communication

The global trend of the current decade is the «digitalisation of the economy», which means the introduction of digital technologies into economic activity. Digital technologies used in the economy primarily include information and communication (information-computer) technologies, which are used to build information systems at various stages of the product life cycle. Such systems perform the tasks of collecting, transmitting and processing data coming from the production, distribution, exchange and consumption of products. A brief look at digital technologies used in modern industry.

Improving business efficiency: The contribution of the latest digital technologies

2021 ◽  
pp. 69-81
Author(s):  
A. Shvetsov
Keyword(s):  
Life Cycle ◽  
Information Systems ◽  
Economic Activity ◽  
Product Life Cycle ◽  
Digital Technologies ◽  
Processing Data ◽  
Global Trend ◽  
Production Distribution ◽  
Business Efficiency ◽  
Information And Communication

The global trend of the current decade is the «digitalization of the economy», which means the introduction of digital technologies into economic activity. Digital technologies used in the economy primarily include information and communication (information-computer) technologies, which are used to build information systems at various stages of the product life cycle. Such systems perform the tasks of collecting, transmitting and processing data coming from the production, distribution, exchange and consumption of products. A brief look at digital technologies used in modern industry.

APPROACHES TO MANAGING THE MATERIALAND TECHNICAL SUPPORT OF A DIGITAL ENTERPRISE AT PRODUCT LIFE-CYCLE STAGES GIVEN DESIGN-TO-COST AND TIM

2021 ◽  
Vol 2 (6) ◽  
pp. 18-23
Author(s):  
A. A. ALESHIN ◽  
◽  
Yu. D. MYAKISHEV ◽  
N. E. PARMANOVA ◽  
M. A. M. A. ◽  
...  
Keyword(s):  
Life Cycle ◽  
Product Life Cycle ◽  
Technical Support ◽  
Product Life ◽  
Business Transformation ◽  
Life Cycle Stages ◽  
Global Trend ◽  
Digital Enterprise ◽  
New Look

The global trend of digital business transformation forces a new look at many traditional disciplines and methodologies, in particular, the management of the logistics of a digital enterprise at the stages of the cycle of creating products for a given cost and in a given time. In order to achieve the desired competitiveness of production, it is necessary to manage the material and technical support of the digital enterprise at the stages of the cycle of creating products at a given cost and in a given time, in order to constantly find reserves for improvement.

Interoperable Process Engineering System for Collaborative Optimization of Product Life-Cycle

2014 ◽  
pp. 166-191 ◽  
Author(s):  
Alberto Armijo ◽  
Mikel Sorli
Keyword(s):  
Life Cycle ◽  
Information Systems ◽  
Data Management ◽  
Product Life Cycle ◽  
Process Management ◽  
Business Processes ◽  
Collaborative Optimization ◽  
Market Conditions ◽  
Product Life ◽  
Business Agility

Most of the industrial organizations, including SMEs, need to quickly react and adapt to the changing market conditions imposed by globalization, such as new sustainability directives or new type of customers. The fulfillment of these requirements on time is a must so as to remain competitive in the global markets. Since data management information systems are already present in almost all the corpus of industrial enterprises as custom developments or standard PLM solutions, the natural technical evolution that aims to provide an effective answer to these changing market conditions comprises the shifting from a data management perspective towards a process management view. Hence, the challenge is how to manage business processes that build upon existing information systems so as to encourage business agility, efficiency, and interoperability. The proposed approach roots on the Business Process Management (BPM) discipline and leverages process optimization through the systematic modeling and reengineering of business processes accompanied by supporting interoperable and configurable eco-services, which are conceived as sustainability-aware services designed to optimize some aspects of the product life-cycle through eco-constraints management.

scholarly journals Closed Product Life Cycle as a Basis of the Circular Economy

2021 ◽  
Vol 5 (4) ◽  
pp. 36-50
Author(s):  
Maria Vetrova ◽  
Dinara Ivanova
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Supply Chains ◽  
Circular Economy ◽  
Product Life Cycle ◽  
Digital Technologies ◽  
Economic Feasibility ◽  
Decision Support Model ◽  
Product Life ◽  
The Impact

Objective – The circular economy aims to preserve the value of products and materials within a closed supply chain. The existing models and decision-making methods for managing the end of the product life cycle are mostly focused on the economic aspects. While the circular economy is aimed at combining environmental, economic and social goals. This article aims to develop a model for enterprise decision-making on the disposal of used products, taking into account socio-environmental and economic factors. Methodology/Technique – The article analyzes the impact of digital technologies on the formation of closed supply chains and the development of a circular economy. At the same time, special attention is focused on the model of a closed product life cycle, as a fundamental element in the formation of a circular economy at the micro and nano levels, as well as the importance of using digital technologies at all stages of the product life cycle. Findings –The methods of product management at the end of the life cycle studied in the article have made it possible to form a simulation decision support model regarding the method of product disposal, taking into account environmental and economic feasibility. Novelty – This study identified the main trends in the development of closed supply chains under the influence of digital technologies in the context of a circular economy. Type of Paper: Review JEL Classification: F42, F43 Keywords: Circular Economy; Digital Technology; Decision-making Model; Closed-loop Supply Chains Reference to this paper should be made as follows: Vetrova, M; Ivanova, D. (2021). Closed Product Life Cycle as a Basis of the Circular Economy, Journal of Business and Economics Review, 5(4) 36–50. https://doi.org/10.35609/jber.2021.5.4(4)

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