Achieving economic sustainability: operations research for risk analysis and optimization problems in the blockchain era

In the digital era, achieving economic sustainability requires proper management of risk with deployment of technologies. In this paper, we discuss how the popular blockchain technology can be applied for risk analysis and optimization (RAO) in real-world oriented operations research (OR) problems. We first present the OR approach and examine the related literature for some critical topics and key research issues in RAO. Then, we present the features and functions of blockchain technology. After that, we propose how the blockchain technology can be applied to support different steps in the OR approach and enhance our investigation and real-world applications of RAO models. Finally, we discuss future research directions and establish a research framework.

Automated summary

This paper discusses the application of blockchain technology in risk analysis and optimization (RAO) in real-world oriented operations research (OR) problems. It presents the features and functions of blockchain technology and proposes how it can support different steps in the OR approach and enhance real-world applications of RAO models. The paper also discusses future research directions and establishes a research framework.