Economic management instrument for enhanced supply of utilities to megacitiesShow others and affiliations
2019 (English)In: International Scientific Conference "Digital Transformation on Manufacturing, Infrastructure and Service": 21–22 November 2018, Saint-Petersburg, Russian Federation, Bristol: IOP Publishing , 2019, no 1, article id 012061Conference paper, Published paper (Refereed)
Abstract [en]
A cost structure is proposed to enhance the supply of utilities to megacities on a regional operating scale. The introduced methodology involves business administration theory and economics and employs the previously introduced equality principle and the EUROPE (Efficient Use of Resources for Optimal Production Economy) model to impose shadow costs on supply losses to induce economic incentives to improve the functionality of megacities. A case study presents the practical application in an Asian context. It is concluded that the introduced methodology makes the megacities more efficient and improve their functionality. Profitability increases, the technology is advanced, and the environment improves when the EUROPE model is applied on activities that involve supply flows at higher policy analysis levels. Application of an introduced key factor encapsulates megacity aspects. The equity of the regional access to facilities is improved. The developed methods support decision-making when managing megacity supply.
Place, publisher, year, edition, pages
Bristol: IOP Publishing , 2019. no 1, article id 012061
Series
IOP Conference Series: Materials Science and Engineering, ISSN 1757-8981, E-ISSN 1757-899X ; 497
Keywords [en]
Decision making, Economics, Business administration, Cost structure, Economic incentive, Economic management, Key factors, Megacities, Optimal production, Policy analysis, Manufacture
National Category
Economics and Business
Research subject
Economy
Identifiers
URN: urn:nbn:se:lnu:diva-82890DOI: 10.1088/1757-899X/497/1/012061ISI: 000560953100061Scopus ID: 2-s2.0-85064856185OAI: oai:DiVA.org:lnu-82890DiVA, id: diva2:1317537
Conference
International Scientific Conference "Digital Transformation on Manufacturing, Infrastructure and Service". 21–22 November 2018, Saint-Petersburg, Russian Federation
2019-05-232019-05-232021-05-12Bibliographically approved