IDEAS home Printed from https://ideas.repec.org/a/url/izvest/v24y2023i3p136-154.html
   My bibliography  Save this article

Economic effect from digital integration: The case of a mechanical engineering enterprise

Author

Listed:
  • Andrey S. Vaulin

    (Ural State University of Economics; Ural Optical and Mechanical Plant named after E. S. Yalamov, Ekaterinburg, Russia)

Abstract

Production digitalisation is a significant factor in the development of mechanical engineering that triggers countries and regions’ economic growth. Implementing digital integration at industrial enterprises implies that production operations are linked through a corporate information system. The paper aims to develop and test a method for assessing the economic effect from digital integration at mechanical engineering enterprises. Methodologically, the study rests on the theories of production organisation and integration as well as the main postulates of the concept of industrial digitalisation. The study applies methods of econometric modelling. The evidence base is the information about the activities of one of the Ural macroregion’s largest mechanical engineering enterprise – Production Association “Ural Optical and Mechanical Plant named after E. S. Yalamov” (UOMZ). The paper systemitises ideas about the essence of the economic effect from digital integration. The case of the enterprise is used to identify the level of specific costs in this process and to forecast their changes depending on different factors using econometric modelling. The value of the findings consists in broadening the scientific and practical understanding of the economic effects brought about by industrial digitalisation.

Suggested Citation

  • Andrey S. Vaulin, 2023. "Economic effect from digital integration: The case of a mechanical engineering enterprise," Journal of New Economy, Ural State University of Economics, vol. 24(3), pages 136-154, October.
    • Handle: RePEc:url:izvest:v:24:y:2023:i:3:p:136-154
    DOI: 10.29141/2658-5081-2023-24-3-7
    as

    Download full text from publisher

    File URL: https://jne.usue.ru/images/download/100/7.pdf
    Download Restriction: no
    File URL: https://jne.usue.ru/en/issues-2023/1365
    Download Restriction: no
    File URL: https://libkey.io/10.29141/2658-5081-2023-24-3-7?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Stavros Kalogiannidis & Dimitrios Kalfas & Fotios Chatzitheodoridis & Stamatis Kontsas, 2022. "The Impact of Digitalization in Supporting the Performance of Circular Economy: A Case Study of Greece," JRFM, MDPI, vol. 15(8), pages 1-18, August.
    2. Abdulrazak F. Shahatha Al-Mashhadani & Muhammad Imran Qureshi & Sanil S. Hishan & Mohd Shamsuri Md Saad & Yamunah Vaicondam & Nohman Khan, 2021. "Towards the Development of Digital Manufacturing Ecosystems for Sustainable Performance: Learning from the Past Two Decades of Research," Energies, MDPI, vol. 14(10), pages 1-17, May.
    3. Jun Li & Michael Merenda & A.R. Venkatachalam, 2009. "Business Process Digitalization and New Product Development: An Empirical Study of Small and Medium-Sized Manufacturers," International Journal of E-Business Research (IJEBR), IGI Global, vol. 5(1), pages 49-64, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hongfeng Zhang & Xiangjiang Ding & Yue Liu, 2023. "The Impact of Low-Carbon Pilot Cities on the Development of Digital Economy: Empirical Evidence from 284 Cities in China," Sustainability, MDPI, vol. 15(13), pages 1-21, June.
    2. Dharm Dev Bhatta & Muddassar Sarfraz & Larisa Ivascu & Marius Pislaru, 2023. "The Nexus of Corporate Affinity for Technology and Firm Sustainable Performance in the Era of Digitalization: A Mediated Model," Sustainability, MDPI, vol. 15(12), pages 1-20, June.
    3. Konstantinos Salonitis, 2023. "Manufacturing Energy Efficiency and Industry 4.0," Energies, MDPI, vol. 16(5), pages 1-4, February.
    4. Stavros Kalogiannidis & Dimitrios Kalfas & Efstratios Loizou & Olympia Papaevangelou & Fotios Chatzitheodoridis, 2023. "Smart Sustainable Marketing and Emerging Technologies: Evidence from the Greek Business Market," Sustainability, MDPI, vol. 16(1), pages 1-21, December.
    5. Yafeng Han & Tetiana Shevchenko & Bernard Yannou & Meisam Ranjbari & Zahra Shams Esfandabadi & Michael Saidani & Ghada Bouillass & Kseniia Bliumska-Danko & Guohou Li, 2023. "Exploring How Digital Technologies Enable a Circular Economy of Products," Sustainability, MDPI, vol. 15(3), pages 1-20, January.
    6. Shi Yin & Yudan Zhao, 2024. "Digital green value co-creation behavior, digital green network embedding and digital green innovation performance: moderating effects of digital green network fragmentation," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
    7. Zhen Liu & Tzuhui Wu & Fenghong Wang & Mohamed Osmani & Peter Demian, 2022. "Blockchain Enhanced Construction Waste Information Management: A Conceptual Framework," Sustainability, MDPI, vol. 14(19), pages 1-35, September.
    8. Stavros Kalogiannidis & Dimitrios Kalfas & Fotios Chatzitheodoridis & Olympia Papaevangelou, 2022. "Role of Crop-Protection Technologies in Sustainable Agricultural Productivity and Management," Land, MDPI, vol. 11(10), pages 1-21, September.
    9. Muhammad Noman Shafique & Ammar Rashid & Sook Fern Yeo & Umar Adeel, 2023. "Transforming Supply Chains: Powering Circular Economy with Analytics, Integration and Flexibility Using Dual Theory and Deep Learning with PLS-SEM-ANN Analysis," Sustainability, MDPI, vol. 15(15), pages 1-23, August.
    10. Gavriluţă Turtă Ioana Marinela & Nepotu Grigore & Ciochină Alexandru Bogdan & Cuciureanu Maria-Simona, 2022. "Development of digitization services in the context of the COVID-19 pandemic a solution for Smart City. Case study: Romania," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 16(1), pages 1087-1100, August.

    More about this item

    Keywords

    digital integration; production digitalisation; economic effect; digitalisation costs; digitalisation efficiency; industrial enterprise; mechanical engineering;
    All these keywords.

    JEL classification:

    • N60 - Economic History - - Manufacturing and Construction - - - General, International, or Comparative
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:url:izvest:v:24:y:2023:i:3:p:136-154. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Victor Blaginin (email available below). General contact details of provider: https://edirc.repec.org/data/usueeru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.