A sustainable production capability evaluation mechanism based on blockchain, LSTM, analytic hierarchy process for supply chain network

Abstract

Due to the rapid development of information technology, supply chain network is evolving, which involves a higher level of interdependence between organisations. Conventional production capability evaluation relies on centralised approaches with limited sharing of performance and evaluation data. Besides, traditional evaluation methods are mainly based on subjective manual operation using limited data. In this paper, we propose a production capability evaluation system by incorporating Internet of Things (IoT), machine learning and blockchain technology for supply chain network. It contributes to achieving real-time data collection and automated enterprise production capability evaluation mechanism. Besides, blockchain technology is adopted to enable open and decentralised data storage and sharing, provide fair and automatic trading of data. The proposed system is evaluated through a simulation experiment. It demonstrated how to utilise the proposed system to choose suitable upstream enterprises. The successful development of the system could help to enhance production efficiency, reduce risk and provide a reasonable and more sustainable production management in supply chain network.

Keywords:

• production capability evaluation
• supply chain network
• blockchain
• IoT
• machine learning

Disclosure statement

No potential conflict of interest was reported by the author(s).

ORCID

Hanyang Guo http://orcid.org/0000-0002-5687-2655

Ali Vatankhah Barenji http://orcid.org/0000-0002-5267-1020

George Q. Huang http://orcid.org/0000-0003-3592-7917

Additional information

Funding

This work was supported by the Natural Science Foundation of Guangdong Province [grant number 2018A0303130035]; and China Postdoctoral Science Foundation [grant number 2018M630928; 2018M633008].