dc.contributor.author | Burinskas, Arūnas | |
dc.date.accessioned | 2023-09-18T16:08:33Z | |
dc.date.available | 2023-09-18T16:08:33Z | |
dc.date.issued | 2021 | |
dc.identifier.issn | 2225-742X | |
dc.identifier.uri | https://etalpykla.vilniustech.lt/handle/123456789/111719 | |
dc.description.abstract | Although Europe is on the threshold of a new industrial revolution called Industry 4.0, many believe that this will increase the flexibility of production, the mass adaptation of products to consumers and the speed of their service; it will also improve product quality and dramatically increase productivity. However, as expected, all the benefits of Industry 4.0 face many of the inevitable changes and challenges they pose. One of them is the inevitable transformation of current competition and business models. This article examines the possible results of competitive conversion from the classic Bertrand and Cournot models to qualitatively new competition based on innovation. Ability to deliver a new product quickly and the possibility to produce the individual design (through flexible and quickly configurable factories) by reducing equipment failures and increasing process automation and control is highly important. This study shows that the ongoing transformation of the competition model is changing the game. This, together with the creation of complex value networks, means huge investments that make it particularly difficult for small and medium-sized enterprises. In addition, the ongoing digitalization of data raises new concerns regarding legal obligations, intellectual property, and security. | eng |
dc.format | PDF | |
dc.format.extent | p. 579-584 | |
dc.format.medium | tekstas / txt | |
dc.language.iso | eng | |
dc.rights | Laisvai prieinamas internete | |
dc.source.uri | http://www.academicpub.org/ijeme/ | |
dc.source.uri | https://talpykla.elaba.lt/elaba-fedora/objects/elaba:101438481/datastreams/MAIN/content | |
dc.title | Transformation of industrial policy towards Industry 4.0 and its impact on firms' competition | |
dc.type | Straipsnis kitame recenzuotame leidinyje / Article in other peer-reviewed source | |
dcterms.references | 44 | |
dc.type.pubtype | S4 - Straipsnis kitame recenzuotame leidinyje / Article in other peer-reviewed publication | |
dc.contributor.institution | Vilniaus Gedimino technikos universitetas | |
dc.contributor.faculty | Verslo vadybos fakultetas / Faculty of Business Management | |
dc.subject.researchfield | S 004 - Ekonomika / Economics | |
dc.subject.studydirection | J01 - Ekonomika / Economics | |
dc.subject.vgtuprioritizedfields | EV02 - Aukštos pridėtinės vertės ekonomika / High Value-Added Economy | |
dc.subject.ltspecializations | L104 - Nauji gamybos procesai, medžiagos ir technologijos / New production processes, materials and technologies | |
dc.subject.en | Bertrand and Cournot Competition | |
dc.subject.en | competition model | |
dc.subject.en | Industry 4.0 | |
dc.subject.en | industrial organization | |
dc.subject.en | monopolistic competition | |
dcterms.sourcetitle | International journal of economics and management engineering | |
dc.description.issue | no. 5 | |
dc.description.volume | vol. 15 | |
dc.publisher.name | World Academic Publishing | |
dc.publisher.city | Hong Kong | |
dc.identifier.elaba | 101438481 | |