Challenges of IoT Integration in Supply Chain Management: A Game-Theoretic Perspective on Motivating and Hindering Factors
Abstract
This paper presents a novel approach for evaluating the motivating and impeding factors influencing the implementation of the Internet of Things (IoT) in supply chain management, with a focus on developing an industry-wide trajectory using a game-theoretic model. Our research begins with an extensive review of academic literature to identify key factors that either facilitate or hinder IoT adoption in supply chains. We subsequently propose a systematic method designed for industry stakeholders to assess these relevant factors effectively. The applicability of our method is demonstrated through a case study in the Russian telecom industry, where we analyze both the benefits and challenges associated with IoT implementation using Partial Least Squares (PLS) analysis. The findings reveal critical insights into the dynamics of IoT integration and lead to the formulation of relevant assumptions for an evolutionary stable strategy, which are integrated into our game-theoretic model. This comprehensive approach not only enhances understanding of IoT adoption in supply chains but also provides actionable guidance for practitioners aiming to navigate the complexities of technological integration.
Keywords:
Internet of Things, Supply Chain Management, Game Theoretical Approach, Evolutionary Stable Strategy
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