Innovation in Supply Chains: Solving the Agency Dilemma in Supply Networks by using Industry 4.0 Technologies

Maximilian Maier, Jakob Korbel, Alexander Brem

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

In the past, the agency theory was used to analyse problems within supply networks. This theory suggested different solutions to bring about a reduction in information asymmetries. However, doing so in the future will prove to be difficult owing to the increasing complexity of supply networks. Moreover, along with the fourth industrial revolution – industry 4.0 – new technologies such as cyber physical systems are fast gaining popularity. Hence, based on the analysis of relevant literature, we further develop the supply chain committee model, developed by Kaluza et al. (2003) to demonstrate how upcoming technologies can be integrated. This may help manage agency problems, despite the growth in complexity in supply networks.
Original languageEnglish
JournalInternational Journal of Communication Networks and Distributed Systems
Volume15
Issue number2/3
Pages (from-to)235–247
ISSN1754-3916
DOIs
Publication statusPublished - 2015

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Supply chains
Innovation
Industry
Cyber Physical System

Cite this

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title = "Innovation in Supply Chains: Solving the Agency Dilemma in Supply Networks by using Industry 4.0 Technologies",
abstract = "In the past, the agency theory was used to analyse problems within supply networks. This theory suggested different solutions to bring about a reduction in information asymmetries. However, doing so in the future will prove to be difficult owing to the increasing complexity of supply networks. Moreover, along with the fourth industrial revolution – industry 4.0 – new technologies such as cyber physical systems are fast gaining popularity. Hence, based on the analysis of relevant literature, we further develop the supply chain committee model, developed by Kaluza et al. (2003) to demonstrate how upcoming technologies can be integrated. This may help manage agency problems, despite the growth in complexity in supply networks.",
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Innovation in Supply Chains : Solving the Agency Dilemma in Supply Networks by using Industry 4.0 Technologies. / Maier, Maximilian; Korbel, Jakob; Brem, Alexander.

In: International Journal of Communication Networks and Distributed Systems, Vol. 15, No. 2/3, 2015, p. 235–247.

Research output: Contribution to journalJournal articleResearchpeer-review

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