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Analysis of Micro Value Flows in the Value Chain of Eco-Innovation in Agricultural Products

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  • Yang Wang

    (Faculty of Economics and Management, Business Administration, Xidian University, Xi’an 610116, China)

  • Yifeng Wang

    (Faculty of Economics and Management, Business Administration, Xidian University, Xi’an 610116, China)

  • Peng Fan

    (Faculty of Economics and Management, Business Administration, Xidian University, Xi’an 610116, China)

Abstract

The purpose of this research is to develop a value chain management model for agricultural eco-innovation that can encompass different aspects to create value. It employs the Graphical Evaluation and Review Technique (GERT), which translates the remanufacturing operational process into a stochastic network. A GERT network covers two main points: its probability component and its parameter component. With the function of the GERT network, it can accomplish a certain state transition, which is presented to the extent of randomness in the process of occurrence. For this system, the number of resources in the GERT network may serve as a reference throughout its entire transition phase in order to show the complete transmission relationship between each node. The main contribution of this research is: Instead of analyzing the value flow mechanism of the eco-innovation value chain of agricultural products, we provide a theoretical basis for the application of multi-objective planning in the value flow of agricultural green innovation, which is conducive to the long-term development of the value chain of agricultural eco-innovation.

Suggested Citation

  • Yang Wang & Yifeng Wang & Peng Fan, 2022. "Analysis of Micro Value Flows in the Value Chain of Eco-Innovation in Agricultural Products," Sustainability, MDPI, vol. 14(13), pages 1-19, June.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:13:p:7971-:d:852237
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    References listed on IDEAS

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    2. Tao, Liangyan & Wu, Desheng & Liu, Sifeng & Lambert, James H., 2017. "Schedule risk analysis for new-product development: The GERT method extended by a characteristic function," Reliability Engineering and System Safety, Elsevier, vol. 167(C), pages 464-473.
    3. Salah E. Elmaghraby, 1964. "An Algebra for the Analysis of Generalized Activity Networks," Management Science, INFORMS, vol. 10(3), pages 494-514, April.
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