Welcome to Francis Academic Press

Academic Journal of Business & Management, 2022, 4(13); doi: 10.25236/AJBM.2022.041305.

Research on Risk Management of Digital Transformation Based on Stochastic Evolutionary Game


Yajie Liu

Corresponding Author:
Yajie Liu

School of Management, Shanghai University, Shanghai, China


This paper studies the risk cooperation and management problem in the process of digital transformation of Internet enterprises to help small and medium-sized enterprises. First of all, build the payment benefit matrix of both Internet enterprises and small and medium-sized enterprises. Secondly, the stochastic evolution game model between Internet enterprises and small and medium-sized enterprises is constructed based on the stochastic evolution game theory. Finally, we solve the exponential stability condition based on the determination theorem of stochastic differential equations. The research shows that (i) When the proportion of SMEs (small and medium-sized enterprises) choose not to conduct cooperative management is below a certain threshold, the Internet platform will choose the cooperative management strategy. (ii) When the proportion of the Internet enterprises choose not to cooperative management is below a certain threshold, SMEs will choose cooperative management strategy.


Stochastic differential game, Payment benefit matrix, Internet enterprise, SMEs

Cite This Paper

Yajie Liu. Research on Risk Management of Digital Transformation Based on Stochastic Evolutionary Game. Academic Journal of Business & Management (2022) Vol. 4, Issue 13: 32-37. https://doi.org/10.25236/AJBM.2022.041305.


[1] Liu B.T., Su Y.L. and Xie J.P. Risk characteristics and policy support of small and medium-sized enterprises under the impact of epidemic, Contemporary Economics, (2021), 7, 72-75. (In Chinese)

[2] Du J.J., Hu D.F. and Zhang Q. Research on reconstruction of social responsibility of small and medium-sized enterprises in digital environment-thinking based on major emergencies. Macro Quality Research, (2020), 4, 120-128. (In Chinese)

[3] Bedell-Pearce J. Safe digital transformation for SMEs. Network Security, (2018), 11, 6-7.

[4] Luo O., Xu E.Q. Thoughts on the digital transformation of cloud empowerment in enterprises. Information and Communication Technology and Policy, (2020), 5, 71-75. (In Chinese)

[5] Snieška V, Navickas V, Havierniková K, et al. Technical, information and innovation risks of industry 4.0 in small and medium-sized enterprises–case of Slovakia and Poland. Journal of business economics and management, (2020), 21(5), 1269-1284.

[6] Yan H, Li R. Risk analysis and countermeasures of Internet security. Cyberspace Security, (2020), 11(2), 81-87. (In Chinese)

[7] Liu C. Risk prediction of digital transformation of manufacturing supply chain based on principal component analysis and back propagation artificial neural network. Alexandria Engineering Journal, (2022), 61(1), 775-784.

[8] Wang J.W., Yu X.P. Evolutionary game model of risk sharing in PPP project of rail transit considering risk correlation. System Engineering Theory and Practice, (2022), 40(9), 2391-2405. (In Chinese) 

[9] Miao J.X., Huang D.C. and Zhang C. Z. Game and simulation analysis of major engineering project subject behavior based on stochastic evolution game, Practice and Cognition of Mathematics, (2019), 49(10), 106-113. (In Chinese)

[10] Hu Y.L., Han Q.L. Game analysis of product system value co-creation and evolution, Management Review. (2021), 33(6), 242-254. (In Chinese)