scholarly journals Economies of Scale and Network Economies in Industry 4.0. Theoretical Analysis and Future Directions of Research

2018 ◽  
Author(s):  
Giacomo Büchi ◽  
Monica Cugno ◽  
Rebecca Castagnoli
Keyword(s):  
Mass Production ◽  
Industry 4.0 ◽  
Economies Of Scale ◽  
Industrial Revolution ◽  
New Production ◽  
Future Directions ◽  
Enabling Technologies ◽  
Production Models ◽  
Cost Differentials

This paper analyses the role of cost differentials in the fourth industrial revolution. It uses a literature review in order to identify origins, definitions, enabling technologies and changes in company productivity. Research results show how certain Industry 4.0 enabling technologies help obtain better economic results in mass production and others that support new production models in mass production: mass customization and mass personalization. This paper is of a theoretical nature and identifies certain reflections concerning Industry 4.0’s role in managerial literature by providing interesting lines to be developed in future directions of research.

Emerging Industrial Revolution: Symbiosis of Industry 4.0 and Circular Economy: The Role of Universities

2020 ◽  
Vol 25 (3) ◽  
pp. 505-525 ◽  
Author(s):  
Seeram Ramakrishna ◽  
Alfred Ngowi ◽  
Henk De Jager ◽  
Bankole O. Awuzie
Keyword(s):  
Economic Growth ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Production Systems ◽  
Fourth Industrial Revolution ◽  
New Jobs

Growing consumerism and population worldwide raises concerns about society’s sustainability aspirations. This has led to calls for concerted efforts to shift from the linear economy to a circular economy (CE), which are gaining momentum globally. CE approaches lead to a zero-waste scenario of economic growth and sustainable development. These approaches are based on semi-scientific and empirical concepts with technologies enabling 3Rs (reduce, reuse, recycle) and 6Rs (reuse, recycle, redesign, remanufacture, reduce, recover). Studies estimate that the transition to a CE would save the world in excess of a trillion dollars annually while creating new jobs, business opportunities and economic growth. The emerging industrial revolution will enhance the symbiotic pursuit of new technologies and CE to transform extant production systems and business models for sustainability. This article examines the trends, availability and readiness of fourth industrial revolution (4IR or industry 4.0) technologies (for example, Internet of Things [IoT], artificial intelligence [AI] and nanotechnology) to support and promote CE transitions within the higher education institutional context. Furthermore, it elucidates the role of universities as living laboratories for experimenting the utility of industry 4.0 technologies in driving the shift towards CE futures. The article concludes that universities should play a pivotal role in engendering CE transitions.

scholarly journals THE IMPACT OF THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

Procurement 4.0: factors influencing the digitisation of procurement and supply chains

2018 ◽  
Vol 24 (4) ◽  
pp. 965-984 ◽  
Author(s):  
Florian Bienhaus ◽  
Abubaker Haddud
Keyword(s):  
Supply Chains ◽  
Industry 4.0 ◽  
Online Survey ◽  
Business Models ◽  
Industrial Revolution ◽  
Primary Data ◽  
Content Type ◽  
Procurement Process ◽  
Enabling Technologies ◽  
The Impact

Purpose While digitisation is a key driver of the fourth industrial revolution (Industry 4.0); organisations have different approaches to deal with this topic to get a clearer picture of the opportunities and challenges concerning the digital transformation. The purpose of this paper is to identify the impact of digitisation on procurement and its role within the area of supply chain management. The research will also explore potential barriers to digitising procurement and supply chains and ways to overcome them. Finally, the significance of potential enabling technologies to the digitisation will also be examined. Design/methodology/approach A quantitative approached utilising an online survey was used to collect the primary data for this study. Data were collected from 414 participants directly involved with procurement or related business functions and work for different organisations in different industries. The survey included eight items about the impact of digitisation on organisational performance in the area of procurement and supply chains; ten items related to key barriers to digitisation of organisations and ways to overcome them; and seven items about enabling technologies to leverage procurement procedures and processes digitisation. All of these items utilised the Likert five-point level of agreement scale. Findings The findings indicate that digitisation of procurement process can yield several benefits including: supporting daily business and administrative tasks, supporting complex decision-making processes, procurement will become more focussed on strategic decisions and activities, procurement will become a strategic interface to support organisational efficiency, effectiveness, and profitability, and supporting the creation of new business models, products, and services. The authors were also able to confirm that there are barriers to digitising procurement process and supply chains and such barriers found in existing procedures, processes, capacities, and capabilities. Finally, the significance of a number of enabling technologies to the digitisation process was revealed. Originality/value To the best of the authors’ knowledge, this is the first study of its kind with participants located world-wide. Industry 4.0 as a topic had been explored within different business areas and functions but very limited research specifically explored potential impact, barriers, and enabling technologies of procurement 4.0. The results can be beneficial for organisations already implemented Industry 4.0 or planning to do so. The study can also benefit academic scholars interested in the researched topic, business professionals, organisations within different sectors, and any other party interested in understanding more the concept of procurement 4.0.

Internalising Continuous Variation

2018 ◽  
pp. 68-87
Author(s):  
Kas Oosterhuis
Keyword(s):  
Mass Production ◽  
Industrial Revolution ◽  
Continuous Variation ◽  
Traditional Role ◽  
Mass Customisation ◽  
The Third ◽  
Interactive Architecture ◽  
Design Production ◽  
Third Industrial Revolution

The chapter engages with the idea that nonhuman creativity is fostering a new architecture based on continuous variation both in its theoretical and in its technical and material dimension. The chapter depicts the trajectory of ONL, the author’s practice, and how with this mission it has moved to the third industrial revolution that has altogether revolutionised architecture as a whole. In this chapter Kas Oosterhuis redefines the fundamentals in three phases; phase A: mass production, phase B: mass customisation - in which phase ONL’s built projects are positioned - and moving into the upbeat of phase C: distributed robotic design, production, assembly and operation, in which phase the achievements of Hyperbody’s interactive architecture are positioned. He concludes by challenging the traditional role of the architect that has shifted, nowadays, to that of an expert.

Emerging Trends and Opportunities for Industry Development at the Sub-National Level in Russia

2019 ◽  
pp. 342-363 ◽  
Author(s):  
Leyla A. Gamidullaeva ◽  
Natalia S. Merkulova ◽  
Ludmila I. Kryachkova ◽  
Zoya A. Kondratieva ◽  
Yulia A. Efimova ◽  
...  
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
National Level ◽  
Climatic Conditions ◽  
Strong Impact ◽  
Emerging Trends ◽  
Level Of Economic Development ◽  
Level Of Knowledge ◽  
The Relationship

The authors believe that the transition to Industry 4.0 will have a strong impact on the level of urbanization in Russia. The level of urbanization is influenced by many factors, which include the level of economic development of the country, migration of the population, natural and climatic conditions. The highest level of urbanization is typical for industrialized regions. This suggests that it is necessary to develop industry and move to Industry 4.0. The purpose of this chapter is to show the relationship between urbanization and Industry 4.0, as well as to increase the level of knowledge about digital production, the internet of things, the Industry 4.0, and urbanization. The chapter explains the role of Industry 4.0 in the current changing environment. The chapter deals with the most important problems and opportunities of the fourth industrial revolution.

Accessible@tourism 4.0

2021 ◽  
pp. 1444-1463
Author(s):  
Pedro Teixeira ◽  
Leonor Teixeira ◽  
Celeste Eusébio
Keyword(s):  
Industry 4.0 ◽  
Essential Role ◽  
Industrial Revolution ◽  
Tourism Industry ◽  
Fourth Industrial Revolution ◽  
Tourism Sector ◽  
Challenges And Opportunities ◽  
The Government ◽  
Set Up

This chapter describes how Tourism 4.0 is a concept that combines tourism and the fourth industrial revolution, and although the literature in this field is very scarce, this concept has been explored in some research projects, such as the government-sponsored research project in Slovenian tourism. People with various kinds of access requirements represent a combination of challenges and opportunities for the tourism industry. Tourism 4.0 set up the main goals of making tourism accessible to everyone at any time. Therefore, this new phenomenon may have an essential role in the development of accessible tourism. The adoption of technological components in accessible tourism enables the development of a new technological solution that can facilitate access to tourism products for disabled people, contributing to the development of accessible tourism. The new term Accessible@Tourism 4.0 is the answer to the role of the fourth industrial revolution in accessible tourism, emphasizing the effect of Industry 4.0 components in the tourism sector.

New Generation of Productive Workers

2021 ◽  
pp. 1632-1646
Author(s):  
Rok Cresnar
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Personal Values ◽  
Business Environment ◽  
Mediating Effect ◽  
Employee Productivity ◽  
Competency Models ◽  
Modern Business ◽  
New Generation

The main purpose of this chapter is to consider how can the millennials' personal values impact employee productivity in the future organizational environment of Industry 4.0. In the modern business environment, major changes are happening in many fronts. On one hand, we have the phenomenon of digitalization and Industry 4.0, and on another hand, we see that the millennials are rapidly taking over important roles and positions in those organizations that are impacted by digitalization. If we consider the notion that the new industrial revolution behind Industry 4.0 will be based on major improvements in productivity due to the mediating effect of a technological revolution, then the role of employee productivity or better say the millennials' productivity will be paramount. This chapter shows that based on deep analysis of millennials' personal values worldwide, the millennials hold prominent personal values, which correspond well with Industry 4.0 readiness and competency models, meaning that they can significantly impact the productivity of an organization.

scholarly journals Contributions of muslim scientists to the 4th industrial revolution

2020 ◽  
Author(s):  
Hendro Wicaksono
Keyword(s):  
Artificial Intelligence ◽  
Business Education ◽  
Golden Age ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Fourth Industrial Revolution ◽  
Enabling Technologies ◽  
History Of ◽  
Islamic Golden Age ◽  
Industrial Revolutions

The preprint is a presentation about the contributions of Muslim scientists to technology enabling the fourth industrial revolution. First, the presentation illustrates the industrial revolutions and their enabling technologies, and then it focuses on the industry 4.0 technologies by highlighting the history of artificial intelligence. It continues with the flashback of the contributions of scientists from the Islamic Golden Age to technologies used in industry 4.0, such as mechanics, automation, robotics, and IT. The presentation presents the works of Banu Musa, Al-Jazari, and Al-Khawarizm. Then, the presentation gives an overview of the implications of industry 4.0 on business, education, entrepreneurship, and leadership. Finally, the presentation presents the challenges and opportunity of current Muslim scientists and communities in facing the industry 4.0 era.

scholarly journals THE ROLE OF BOARDING SYSTEM UNIVERSITY EDUCATION IN INCULCATING PROBLEM SOLVING SKILL IN THE 4IR ERA

2020 ◽  
Author(s):  
Ihwan Mahmudi ◽  
Ahmad Saifullah ◽  
Amal Fathullah Zarkasyi ◽  
Ahmad Danis
Keyword(s):  
Problem Solving ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Qualitative Approach ◽  
University Education ◽  
Data Presentation ◽  
Interactive Analysis ◽  
The World

Problem Solving is the first competency needed in the era of Industry 4.0”or the 4th Industrial Revolution (4IR) according to the World EconomicForum 2016. This study aimed: 1) to measure student’s problem solvingskill in University of Darussalam (UNIDA) Gontor, and 2) to explore howUniversity of Darussalam (UNIDA) Gontor with its boarding systemeducation inculcate problem solving skill to its students. This studyemployed a qualitative approach with case study as a research design. Thedata were collected by questionnaire, observation, interview, anddocumentary method. They were analysed using interactive analysis modelconsisting three components; data reduction, data presentation, andconclusion or data verification which is done together with the process ofcollecting data interactively by cycle process.The study found that: 1) moststudents of University of Darussalam (UNIDA) Gontor have considerabledegree of problem solving skill, and 2) the skill was inculcated throughlearning process in the classroom, various activities within studentorganization and a large number of assignments and tasks that students haveto fulfil.

scholarly journals The fourth industrial revolution: personnel, business and state

2020 ◽  
Vol 159 ◽  
pp. 04012
Author(s):  
Eugene Genkin ◽  
Sergey Filin ◽  
Vladimir Velikorossov ◽  
Zhamilya Kydyrova ◽  
Kirill Anufriyev
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Highly Qualified ◽  
Qualified Personnel ◽  
Strategic Role ◽  
The Individual ◽  
Effective Use ◽  
Digital Capital

The solved tasks are to develop recommendations for combining industry 4.0 technologies with the reduction of less qualified personnel due to their use while maximizing (keeping) of the efficiency of the organization’s activities. The novelty is the justification for the need to use strategic methodological approaches for design and development of new value proposals and business models in the organization for the strategically effective use of Industry 4.0 technologies and management of highly qualified personnel. The main characteristics, basic technologies and the strategic role of Industry 4.0, as well as its impact on business and working conditions of employees and the state as a whole, are analyzed. The model of changes in the role of labor when using “digital” capital is analyzed. A full-fledged entry into Industry 4.0 will contribute to various structural and balance changes in the socio-economic sphere, while the main transformations will be subject to the traditional life of a person, his values, beliefs and, ultimately, the conditions of existence. Despite the fact that robotics in the course of Industry 4.0 to replace the individual, the human labour in specific segments will be necessary. Work is also necessary for the development of the individual, both culturally and psychologically.

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