THE INDUSTRY 4.0 VISION AND THE PRODUCTIVITY IT PROVIDES IN THE PRODUCTION PROCESSES

Murat Taha BİLİŞİK ()
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Murat Taha BİLİŞİK: İstanbul Kültür Üniversitesi

Eurasian Eononometrics, Statistics and Emprical Economics Journal, 2020, vol. 15, issue 15, 17-35

Abstract: Business must track slosely production and process management methods because of todays hard competitive environment in order to survive and then grow. As we consider this situationby manufacturers sie, the most important issue is monitoring industrial revolutions tightly. Industrial revolutions can be described as breaking points; so the manufacturers that adjust theirselves to a new environment keep alive an deven expend while outdated ones disappearing from the industry. A new industrial revolution is taking place in these days called Industry 4.0 which is classified 4th Generation in chronogical order. Developing production plans and processes innovatively by using the advance in technological field through production line effectively is defined industrial revolution. In this study, three different factories of a global company which produces were evaluated and their total productivity was calculated before and after Industry 4.0 with using basic productivity calculation methods. In the conclusion part, the numerical efficiency values of Industry 4.0 were compared and discussed and evaluated.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eas:econst:v:15:y:2020:i:15:p:17-35

DOI: 10.17740/eas.stat.2020-V15-02

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