EconPapers    
Economics at your fingertips  
 

Research on Economic Theory Under the Operation of Business Model 4.0

Chiou-Wen Chen and Chih Huang

SAGE Open, 2023, vol. 13, issue 1, 21582440231164124

Abstract: With the emergence of intelligent technology for cyber-physical systems (CPS), manufacturers’ production has come to the age of Industry 4.0, and the corresponding Business Model 4.0 has been born. Under Business Model 4.0, can consumers and producers obtain instant, sufficient, and transparent product or service information through the Internet in mutually beneficial behaviors? This article examines the economic system under the operation of Business Model 4.0 from the perspective of relevant theories of economics and attempt to analyze the theoretical mechanism of the operation of Business Model 4.0. It is found in the article that under the process of Business Model 4.0, it should be possible to quickly and easily achieve the conditions of Pareto efficient allocation in the economic theory. However, everyone involved in the Internet has to behave in favor of others in this Business Model 4.0. If this factor is lacking, the efficiency of the economic system may disappear.

Keywords: Business Model 4.0; Efficiency; Industry 4.0; Internetwork (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/21582440231164124 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:sagope:v:13:y:2023:i:1:p:21582440231164124

DOI: 10.1177/21582440231164124

Access Statistics for this article

More articles in SAGE Open
Bibliographic data for series maintained by SAGE Publications (sagediscovery@sagepub.com).

 
Page updated 2024-12-29
Handle: RePEc:sae:sagope:v:13:y:2023:i:1:p:21582440231164124