Crafting efficient blockchain adoption strategies under risk and uncertain environments

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dc.authorscopusidErfan Babaee Tirkolaee / 57196032874
dc.authorwosidErfan Babaee Tirkolaee / U-3676-2017
dc.contributor.authorBabaei, Ardavan
dc.contributor.authorTirkolaee, Erfan Babaee
dc.contributor.authorAmjadian, Alireza
dc.date.accessioned2025-04-18T10:39:08Z
dc.date.available2025-04-18T10:39:08Z
dc.date.issued2024
dc.departmentİstinye Üniversitesi, Mühendislik ve Doğa Bilimleri Fakültesi, Endüstri Mühendisliği Bölümü
dc.description.abstractRisk and uncertainty are crucial factors in decision-making processes, especially when integrating emerging technologies into essential systems like supply chains. Failing to adequately consider significant risks can disrupt supply chain operations, leading to a loss of competitive edge and causing financial and reputational damage. On the other hand, the complex nature of new technology environments, differing viewpoints among stakeholders, and the challenges of interpreting data introduce a variety of uncertainties in decision-making. In this study, we conduct a thorough examination of how blockchain strategies can be applied within supply chain frameworks. Our analysis utilizes data-driven network decision-making models that are refined to effectively manage uncertainty and risk. These models take into account aspects such as supply chain dynamics and technological factors. Importantly, we meld risk considerations with our models to tackle efficiency shortfalls, while also accounting for uncertainty caused by ambiguous and stochastic data environments. By applying and assessing these models in a real-world case study of the oil and gas industry, our research uncovers insightful observations. Specifically, we find that adopting a localization strategy presents specific risks, while a single-use strategy yields significant efficiency improvements. © 2024 The Authors
dc.identifier.citationBabaei, A., Tirkolaee, E. B., & Amjadian, A. (2024). Crafting efficient blockchain adoption strategies under risk and uncertain environments. Alexandria Engineering Journal, 103, 137-147.
dc.identifier.doi10.1016/j.aej.2024.05.106
dc.identifier.endpage147
dc.identifier.issn11100168
dc.identifier.scopus2-s2.0-85195666993
dc.identifier.scopusqualityQ1
dc.identifier.startpage137
dc.identifier.urihttp://dx.doi.org/10.1016/j.aej.2024.05.106
dc.identifier.urihttps://hdl.handle.net/20.500.12713/7161
dc.identifier.volume103
dc.identifier.wosWOS:001253666600001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakScopus
dc.indekslendigikaynakWeb of Science
dc.institutionauthorTirkolaee, Erfan Babaee
dc.institutionauthoridErfan Babaee Tirkolaee / 0000-0003-1664-9210
dc.language.isoen
dc.publisherElsevier B.V.
dc.relation.ispartofAlexandria Engineering Journal
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectBlockchain Technology
dc.subjectData-Driven Decision Making
dc.subjectEfficiency
dc.subjectRisk Analysisy
dc.subjectUncertain Environment
dc.titleCrafting efficient blockchain adoption strategies under risk and uncertain environments
dc.typeArticle

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