Factors influencing the adoption of the internet of things in supply chains

Bo Yan (), Zijie Jin, Lifeng Liu and Si Liu
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Bo Yan: South China University of Technology
Zijie Jin: South China University of Technology
Lifeng Liu: South China University of Technology
Si Liu: South China University of Technology

Journal of Evolutionary Economics, 2018, vol. 28, issue 3, No 3, 523-545

Abstract: Abstract This study investigates the application of the Internet of Things (IoT) in supply chains through evolutionary game theory. In the modeling process, the payoff matrices for the game between the core enterprises and the suppliers and the replicator dynamics equations for these two parties are constructed. The punishment mechanism is introduced to prevent the “free-ride” behavior of core enterprises. As the key technology of the IoT, the radio-frequency identification (RFID) implementation strategies of both parties are analyzed on the basis of the replicator dynamics. Both parties eventually achieve evolutionarily stable strategies by adopting the strategies of other participants. Furthermore, a sensitivity analysis is conducted to validate the effects of the parameters on the selection of RFID technology. Results show that the willingness of core enterprises and suppliers to implement RFID can be strengthened by adjusting relevant parameters. Thus, this study could contribute in generalizing the application of the IoT in supply chains.

Keywords: Internet of things; RFID; Supply chain; Game theory; Punishment mechanism (search for similar items in EconPapers)
JEL-codes: C73 L14 L23 M11 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s00191-017-0527-3

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