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Scientific Article details

Title Smart product service system hierarchical model in banking industry under uncertainties
ID_Doc 74901
Authors Tseng, ML; Bui, TD; Lan, SL; Lim, MK; Mashud, AM
Title Smart product service system hierarchical model in banking industry under uncertainties
Year 2021
Published
DOI 10.1016/j.ijpe.2021.108244
Abstract This study adopts the diffusion of innovation theory as to develop the smart product service system model in banking industry due to prior studies are lacking in identifying the attributes. The smart product service system functions are bearing high uncertainty and system complexity; hence, the hybrid method of fuzzy Delphi method and fuzzy decision-making trial and evaluation laboratory to construct a valid hierarchical model and identified the causal interrelationships among the attributes. The smart product service system hierarchical model with eight aspects and 41 criteria are proposed enriching the existing literature and that identify appropriate strategies to achieve operational performance. The results show that seven aspects and 22 criteria are determined as the valid hierarchical model. The institutional compression, digital platform operation, and e-knowledge management are the causing aspects helps to form smart product service system operational performance in high uncertainty. For practices, the banking decision-makers should develop innovative actions relied on the forcible compression, cyber-physical systems, industrial big data, cloud service allocation and sharing, and transparency improvement as they are most importance criteria playing a decisive role in a successful SPSS. This provides guidelines for banking industry practice in Taiwan encouraging the miscellany of digital technology accomplishment for sustainable target.
Author Keywords Smart product-service systems; Digital technology; Sustainable innovation; Fuzzy delphi method; Diffusion of innovation theory; Decision-making trial and evaluation laboratory (DEMATEL)
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI)
EID WOS:000691268100010
WoS Category Engineering, Industrial; Engineering, Manufacturing; Operations Research & Management Science
Research Area Engineering; Operations Research & Management Science
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