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Modern process plants are becoming more and more complex with high demands placed on design, engineering and operation. Throughout the life cycle of process plants, there is always the typical conflict involving costs, time and quality. One way of resolving this conflict is to employ simulation technology as it can be used to answer questions relating to engineering and operation earlier and with...
Facing the current trends in the lifecycles of products and manufacturing systems flexibility and adaptability are of general interest. To make them applicable integration approaches are required. Within this paper an attempt towards the detailed characterization of integration approaches and integration approach types is made based on a literature survey. It is intended to enable an informed decision...
Existing research has conducted reviews of warehousing research and has suggested potential important areas for future work. In this paper we focus on warehousing data management-related issues and augment the findings from a recent review of warehousing research to suggest new areas of future work. To determine these potential areas we visited a large, national warehousing organisation and observed...
Homomorphic encryption for smart grids has been investigated in many studies. It is possible to estimate the total power consumption in an area without knowing the consumption data of individual households. In the case of demand response (DR), it is important to calculate the total electric power consumption in an area because DR reports are published accordingly to reduce peak power consumption when...
Increasing data security and privacy requirements combined with the need for additional data management research leads to a conflict for industrial companies. In order to solve their industrial data management problems companies need to share some of their data, but their internal confidentiality rules sometimes hamper this sharing process. Existing techniques for sharing data without releasing company...
The paper proposes a systematic method for forecasting default probabilities for financial firms with particular interest in electric power corporations. According to credit risk theory a company's proximity to default is determined by the distance of its assets' value from its debts. The assets' value depends primarily on the company's market (option) value through a complex nonlinear relation. Therefore,...
The continuous change in the manufacturing world is demanding more flexible, responsive and accurate planning tools, which are able to assist the decision-makers to take tactical and strategic decisions on short notice with a high level of confidence. For this purpose, these tools should dynamically explore different operative scenarios in the planning procedure and produce information about key performance...
The German working committee for “Industrie 4.0” identified the horizontal integration throughout value networks and the vertical integration of networked manufacturing systems as key issues in the context of smart factories. For this purpose we aim for a universal model-driven industrial engineering framework spanning over production chains and value networks. Thereby, we build up on the Resource...
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