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The Use of Digital Twins for Elaboration of Strategic Guidelines to Ensure Sustainable Development of Industrial Enterprises

In: Digital Transformation in Industry

Author

Listed:
  • Olga Chernova

    (South Federal University)

  • Olga Dolgova

    (South Federal University)

  • Baraa Ali

    (South Federal University)

Abstract

Many scientists associate the prospects for sustainable development of industrial enterprises with the development of strategic partnerships. Although there are a number of studies that address different issues related to strategic management of sustainable development in industrial enterprises, little attention is paid to the problems of modeling resource flows within the framework of strategic interactions. This is largely due to the complexity of collecting information about the production processes at the enterprises. To solve this problem, we suggest applying digital twins, the existence of which is based on simulation models. The purpose of this article is to develop a simulation model for the resource flows of an industrial enterprise within the framework of a strategic partnership. This approach will allow making informed managerial decisions to achieve the goals of sustainable development. A simulation model discussed in this article will be developed on the example of a sugar factory. The difference between this model and the existing ones is that the resource flow parameters are determined taking into account the existing production conditions and the interests of the participants involved in strategic interactions, i.e. by the volume of demand and the expected sales price. The simulation model is based on the principles of system dynamics. The indicators that set the sustainable development vector are determined by economic, social and environmental components. The decision-making process on sales volumes is described using Java code. The model experimental verification showed that it makes possible not only to analyze the parameters describing the enterprise’s sustainable development taking into consideration various cooperation alternatives, but also to determine the best interaction option that meets the goals of sustainable development. The study results may be used to form digital twins as a practical method to improve efficiency of industrial enterprises.

Suggested Citation

  • Olga Chernova & Olga Dolgova & Baraa Ali, 2023. "The Use of Digital Twins for Elaboration of Strategic Guidelines to Ensure Sustainable Development of Industrial Enterprises," Lecture Notes in Information Systems and Organization, in: Vikas Kumar & Grigorios L. Kyriakopoulos & Victoria Akberdina & Evgeny Kuzmin (ed.), Digital Transformation in Industry, pages 353-364, Springer.
    • Handle: RePEc:spr:lnichp:978-3-031-30351-7_26
    DOI: 10.1007/978-3-031-30351-7_26
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