2022 VOLUME 2 ISSUE 4
RESEARCH ARTICLE
Research on digital transformation of China's traditional manufacturing industry enabled by digital economy based on system dynamics
AUTHOR
Yi Liu, Changming Zhang
ABSTRACT
The digital transformation of traditional manufacturing industry is an inevitable trend and inherent development requirement of China's digital economy. This paper systematically researches the digital transformation mechanism of traditional manufacturing industry enabled by digital economy from the social, technical, innovative environmental and organizational sub-systems based on the system dynamics (SD) and the social shaping of technology theory (SST). The simulated experiments predicate the different digital transformation paths of the labor-intensive, capital-intensive and technology-intensive traditional manufacturing enterprises under the guidance of Industry 4.0 or "Industry of the future" policy by constructing the system dynamics model of causality, stock flow process, which has vital significance for China's manufacturing industry to transform from a giant towards a manufacturing power.
KEYWORDS
Traditional manufacturing industry; Digital transformation; Digital economy; The theory of the social shaping of technology; System dynamics