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SELECTED ASPECTS OF TECHNOLOGICAL THOUGHT IN ECONOMICS ACCORDING TO THE CONDITIONS OF INDUSTRY 4.0

1 NĚMEC Tomas
Co-authors:
1 NÉTEK Vaclav 1 MYNÁŘ Martin 1 NĚMCOVÁ Nikola 1 KUCHTIČKOVÁ Iveta
Institution:
1 VSB – Technical University of Ostrava, Ostrava, Czech Republic, EU, tomas.nemec.st1@vsb.cz
Conference:
29th International Conference on Metallurgy and Materials, Brno, Czech Republic, EU, May 20 - 22, 2020
Proceedings:
Proceedings 29th International Conference on Metallurgy and Materials
Pages:
1205-1209
ISBN:
978-80-87294-97-0
ISSN:
2694-9296
DOI:
https://doi.org/10.37904/metal.2020.3638
Published:
27th July 2020
Proceedings of the conference were published in Web of Science and Scopus.
Metrics:
501 views / 244 downloads
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Abstract

The authors of the article generalize the results of research of a selected group of Czech industrial companies. These companies are founded on the experience of technological transformation in industry as a prerequisite for admission to technological chains which demonstrate high measurement accuracy and major changes in technological procedures.The models of internal economic management are not sufficiently flexible to capture these changes as the investments in Industry 4.0 technologies are introduced. The results of investment research showed that the software used to manage the economics of the companies has lost its effectivity and needs replacement. One method of securing flexibility and continuity with Industry 4.0 dynamics is the application of economic thought in economics.

Keywords: Technological thought in economics, Industry 4.0, industrial and metallurgical companies

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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