Year: 2025
Type: article
Abstract: The modern world is undergoing rapid changes, driven by both technological progress and dynamic political and economic processes. In this constantly changing environment, adaptability and flexibility have become critical criteria for business survival, especially in secondary sectors such as transport and logistics. These industries are increasingly faced with the urgent need to optimize financial flows in conditions of high uncertainty and market volatility. In parallel, the pressure for transparency, cost-effectiveness and rapid response in the decision-making process is growing.One of the most promising solutions to these problems is the integration of digital twins into the planning and execution of logistics processes. Digital twins are dynamic virtual models that reflect real objects, systems and processes in real time, allowing companies to simulate operations, track changes and predict results with a high degree of accuracy. While the use of digital twins has been widely studied in engineering, manufacturing, and supply chain optimization, their application to financial management in logistics companies remains relatively underdeveloped and understudied.This paper addresses this critical gap by proposing a conceptual model for integrating digital twin technology into financial decision-making processes in logistics. It explores how digital twins can be used to dynamically monitor costs, simulate cash flows, and increase transparency and traceability of financial transactions. With these capabilities, logistics firms can achieve better cost control, reduce inefficiencies, and improve overall financial performance. The novelty and significance of this study is due to the lack of standardized approaches to implementing digital twin technologies into financial workflows. To address this issue, the paper also provides a review of practical examples and current implementations of digital twins by logistics companies around the world, focusing on the measurable impact of such integrations on financial performance and strategic agility.Key words:logistics process, financial flows, digital twin, cost planning, business process.
Institution: Odessa National Maritime University
Language: English
Subfield: Industrial and Manufacturing Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4415313682