Open AccessEconomies of Scale and Network Economies in Industry 4.0. Theoretical Analysis and Future Directions of Research
Author(s) -
Giacomo Büchi,
Monica Cugno,
Rebecca Castagnoli
Publication year - 2018
Publication title -
symphonya
Language(s) - English
Resource type - Journals
eISSN - 1593-0319
pISSN - 1593-0300
DOI - 10.4468/2018.02.01
Subject(s) - mass customization , productivity , production (economics) , economies of scale , order (exchange) , industrial organization , scale (ratio) , industrial revolution , industry 4.0 , personalization , business , economics , economy , economic geography , computer science , marketing , microeconomics , political science , macroeconomics , geography , finance , embedded system , law , cartography
This paper analyses the role of cost differentials in the fourth industrial revolution. It uses a literature review in order to identify origins, definitions, enabling technologies and changes in company productivity. Research results show how certain Industry 4.0 enabling technologies help obtain better economic results in mass production and others that support new production models in mass production: mass customization and mass personalization. This paper is of a theoretical nature and identifies certain reflections concerning Industry 4.0’s role in managerial literature by providing interesting lines to be developed in future directions of research.