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The Integration of Computer Engineering and Economic Sustainability Forecasting in Smart Manufacturing

In: Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)

Author

Listed:
  • Nan Wang

    (University of York)

  • Chenchen Wang

    (University of Melbourne)

  • Liangyu Li

    (Universiti Kebangsaan Malaysia)

  • Jiajun Jin

    (University of Maine at Presque Isle)

  • Tongzhou Chenhan

    (Belarusian State University)

Abstract

The imperative to reduce the manufacturing industry’s environmental footprint has become a critical global issue due to rising living standards, increased demand, and resource scarcity. Manufacturing, central to product supply and modern life, faces significant sustainability challenges. Existing manufacturing models, based on outdated paradigms, are insufficient and require thorough revision. The sector must innovate, leveraging technology, culture, and economics to develop sustainable practices, including the revision of sustainability assessment tools. These tools must address growing sustainability concerns and incorporate the triple bottom line—environmental, economic, and social factors. Concurrently, the concept of smart manufacturing is emerging, harnessing advancements in AI, Cloud Computing, and IoT to enhance production. However, the interaction between smart manufacturing and sustainability is not fully understood. This study aims to merge sustainable and smart manufacturing by evaluating current models and identifying future research opportunities in this integrated field.

Suggested Citation

  • Nan Wang & Chenchen Wang & Liangyu Li & Jiajun Jin & Tongzhou Chenhan, 2024. "The Integration of Computer Engineering and Economic Sustainability Forecasting in Smart Manufacturing," Advances in Economics, Business and Management Research, in: Kun Zhang & Hang Luo & Hongbo Li & Azlina Binti Md Yassin (ed.), Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024), pages 83-89, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-548-5_11
    DOI: 10.2991/978-94-6463-548-5_11
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