Applied Sciences, Год журнала: 2024, Номер 14(24), С. 11735 - 11735

Опубликована: Дек. 16, 2024

The occurrence of the fourth industrial revolution (Industry 4.0) has led many industries to path adopting new technologies. Such technologies include blockchain, artificial intelligence (AI), and Internet Things (IoT). Blockchain creates opportunity access data information in a decentralized manner, resulting increased customer satisfaction. This study develops smart newsvendor model food industry with consignment contracts blockchain technology. Under policy, central division (manufacturer) can utilize retailer’s warehouse for storage. producer may also have share holding cost retailers without losing ownership products. main contribution this is analyze profitability retailing supply chain when technology implemented by industry. Moreover, thorough investigation profit loss conducted under contract uncertain demand encountered. mainly concerns perishable items, increasing volatility market demand. Two cases probabilistic uncertainty are considered, including uniform normal distribution. key investigations presented terms (a) effect on industry, (b) analysis company items uncertainty, (c) Finally, research an optimization tool numerically several factors optimal values design variables maximum provide valuable insights that support formulating effective policies making informed strategic decisions.

Язык: Английский