Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 1 (71)

Published: 2025.05.14

DOI: 10.37128/2411-4413-2025-1

Description:
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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DIGITAL TECHNOLOGIES FOR CIRCULAR INDUSTRIAL BUSINESS MODELS IMPLEMENTATION: A BIBLIOMETRIC ANALYSIS

DOI: 10.37128/2411-4413-2025-1-5

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KOBLIANSKA Inna – Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department of Economics, Entrepreneurship, and Business Administration, Sumy State University (40000, Sumy, 116, Kharkivska Str., e-mail: i.koblianska@biem.sumdu.edu.ua)

Annotation

Digital transformation holds significant potential to contribute to the achievement of sustainable development goals. The circular economy (hereafter – CE) – based on the principles of eliminating waste and emissions, circulating resources, and restoring nature – is one of the key pathways for transforming existing business models. Technologies for data collection, analysis, and processing offer opportunities for improved planning, organization, monitoring, control, and analysis of production processes and resource use, thereby supporting the implementation of circular economy principles.

The potential of digital solutions to drive the transformation of business models has attracted the attention of the researchers worldwide, across various economic sectors. Paying attention to the complexity of the scientific problem and the diversity of proposed approaches, there is a clear need to synthesize existing academic contributions.

The purpose of this article is to identify the main digital technologies and the areas of their implementation that support the realization of circular economy principles in production and contribute to achieving sustainable development goals. The study is based on data from English-language articles indexed in the Scopus database since 2015, focusing on sustainable and circular business models in manufacturing and relevant digital technologies.

Quantitative text analysis methods were applied to the scientific literature, enabling the identification of the most prevalent practices. The findings indicate that the key innovations include the use of Industry 4.0 technologies – particularly big data, the Internet of Things, artificial intelligence, and blockchain. The application of these technologies in material and resource flow management, as well as in the coordination and interaction of network participants, demonstrates the highest potential for advancing circular economy principles in manufacturing, fostering economic growth, and achieving sustainable development goals.

The results are valuable for informing the decisions related to the digital and circular transformation of production business models, especially under conditions of limited investment and resource constraints.

Keywords: digital transformation, sustainable development, circular economy, production process, Industry 4.0, resource management

List of references

1. Dimensions. (2025). Timeline – Overview for digital circular business models in Publications. Dimensions. app.dimensions.ai. Retrieved from: https://app.dimensions.ai/discover/publication?search_mode=content&search_text=digital%20circular%20business%20models&search_type=kws&search_field=full_search [in English].

2. Ruda, M.V. (2022). Disrupt Framework jak osnova pobudovy biznes-modeli pidpryjemstva na zasadakh pidryvnykh innovacij v umovakh stalogho rozvytku [Disrupt Framework as the basis for building an enterprise business model based on disruptive innovations under sustainable development conditions]. Menedzhment ta pidpryiemnytstvo v Ukraini: etapy stanovlennia i problemy rozvytku – Management and Entrepreneurship in Ukraine: Stages of Formation and Problems of Development, 2 (8), 94–103. DOI: https://doi.org/10.23939/smeu2022.02.094 [in Ukrainian].

3. Cherniaieva, A. (2024). Vykorystannja novitnikh cyfrovykh instrumentiv ta tekhnologhij vedennja biznesu. [The use of advanced digital tools and business technologies]. Ekonomika ta suspilstvo – Economics and Society, 60. DOI: https://doi.org/10.32782/2524-0072/2024-60-89 Retrieved from: https://economyandsociety.in.ua/index.php/journal/article/view/3631/3561 [in Ukrainian].

4. Dykoi, R.O. (2025). Tsyfrova transformatsiia ekonomiky ta biznesu v umovakh perekhodu do zelenoi ekonomiky [Digital transformation of the economy and business in the transition to a green economy]. Yevropeiskyi naukovyi zhurnal Ekonomichnykh ta Finansovykh innovatsii – European Scientific Journal of Economic and Financial Innovation, 2 (16). DOI: https://doi.org/10.32750/2025-0208 Retrieved from: https://journal.eae.com.ua/index.php/journal/ article/view/437/344 [in Ukrainian].

5. Maslak, O., Voronovska, M., & Malyk, M. (2025). Modeljuvannja stanu taktychnogho planuvannja v systemi cyrkuljarnykh biznes-modelej pidpryjemstv [Modelling the condition of tactical planning in the system of circular business models of enterprises]. Ekonomichnyi prostir – Economic Space, 198, 201–208. DOI: https://doi.org/10.30838/EP.198.201-208 [in Ukrainian].

6. Kristoffersen, E., Blomsma, F., Mikalef, P., & Li, J. (2020). The smart circular economy: A digital-enabled circular strategies framework for manufacturing companies. Journal of Business Research, 120, 241–261. DOI: https://doi.org/10.1016/j.jbusres.2020.07.044 [in English].

7. Olah, J., Novotna, A., Sarihasan, I., Erdei, E., & Popp, J. (2023). Examination of the relationship between sustainable Industry 4.0 and business performance. Journal of Competitiveness, 14 (4), 25–43. DOI: https://doi.org/10.7441/joc.2022.04.02 [in English].

8. Silva, T.H.H.D., & Sehnem, S. (2024). Industry 4.0 technologies as a motivator for the circular economy in foodtechs: A stakeholder perspective. Sustainable Development, 32 (5), 4633–4648. DOI: https://doi.org/10.1002/sd.2921 [in English].

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).