dc.contributor.author | Burinskas, Arūnas | |
dc.date.accessioned | 2023-09-18T20:38:52Z | |
dc.date.available | 2023-09-18T20:38:52Z | |
dc.date.issued | 2021 | |
dc.identifier.uri | https://etalpykla.vilniustech.lt/handle/123456789/151586 | |
dc.description.abstract | While Europe is at the doorstep of a new industrial revolution known as Industry 4.0, many believe that it will bring about a surge in production flexibility, mass adaptability of products to consumers, and their service speeds; it will also improve products quality and boost productivity dramatically. However, as expected, all the benefits of Industry 4.0 come together with many unavoidable changes and challenges they entail. One of them is an inevitable transformation of current competition and business models. This paper examines possible outcomes of competition conversion from the classic Bertrand and Cournot models to qualitatively new competition, based on innovation, i.e., the ability to deliver a new product quickly); the ability to produce customized designs (via flexible and fast-configurable factories); reduction of equipment failures with increasing automation and control of processes. This research shows that the ongoing transformation of the competition model is game-changing. It comes together with the creation of complex value networks, huge investments that are especially burdensome for small and medium-sized enterprises. Also, ongoing data digitalization raises new concerns in terms of legal obligations, intellectual property, and security. | eng |
dc.format.extent | p. 1 | |
dc.format.medium | tekstas / txt | |
dc.language.iso | eng | |
dc.title | Transformation of iIndustrial policy towards iIndustry 4.0 and its impact on firms' competition | |
dc.type | Kitos konferencijų pranešimų santraukos / Other conference presentation abstracts | |
dcterms.references | 0 | |
dc.type.pubtype | T3 - Kitos konferencijos pranešimo tezės / Other conference presentation abstracts | |
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 organisation | |
dc.subject.en | monopolistic competition | |
dcterms.sourcetitle | World Academy of Science, Engineering and Technology. International Journal of Economics and Management Engineering: ICIED 2021 : International conference on international economics and development conference, Rome, Italy, January 18-19, 2021 | |
dc.description.issue | no. 1 | |
dc.description.volume | vol. 15 | |
dc.publisher.name | WASET | |
dc.publisher.city | Istanbul | |
dc.identifier.elaba | 84279716 | |