Analysis of Micro Value Flows in the Value Chain of Eco-Innovation in Agricultural Products

Yang Wang, Yifeng Wang and Peng Fan
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Yang Wang: Faculty of Economics and Management, Business Administration, Xidian University, Xi’an 610116, China
Yifeng Wang: Faculty of Economics and Management, Business Administration, Xidian University, Xi’an 610116, China
Peng Fan: Faculty of Economics and Management, Business Administration, Xidian University, Xi’an 610116, China

Sustainability, 2022, vol. 14, issue 13, 1-19

Abstract: The purpose of this research is to develop a value chain management model for agricultural eco-innovation that can encompass different aspects to create value. It employs the Graphical Evaluation and Review Technique (GERT), which translates the remanufacturing operational process into a stochastic network. A GERT network covers two main points: its probability component and its parameter component. With the function of the GERT network, it can accomplish a certain state transition, which is presented to the extent of randomness in the process of occurrence. For this system, the number of resources in the GERT network may serve as a reference throughout its entire transition phase in order to show the complete transmission relationship between each node. The main contribution of this research is: Instead of analyzing the value flow mechanism of the eco-innovation value chain of agricultural products, we provide a theoretical basis for the application of multi-objective planning in the value flow of agricultural green innovation, which is conducive to the long-term development of the value chain of agricultural eco-innovation.

Keywords: value chain; eco-innovation; GERT network; value flow (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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