Monte Carlo Methods for Industry 4.0 Applications

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14330%2F22%3A00126184" target="_blank" >RIV/00216224:14330/22:00126184 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1109/SMC53654.2022.9945553" target="_blank" >http://dx.doi.org/10.1109/SMC53654.2022.9945553</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1109/SMC53654.2022.9945553" target="_blank" >10.1109/SMC53654.2022.9945553</a>

Result language
angličtina
Original language name
Monte Carlo Methods for Industry 4.0 Applications
Original language description
The fourth industrial revolution and the digital transformation, commonly known as Industry 4.0, is exponentially progressing in recent years. Connected computers, devices, and intelligent machines communicate with each other and interact with the environment to require only a minimum of human intervention. An important issue in Industry 4.0 is the evaluation of the quality of the process in terms of KPIs. Monte Carlo simulations can play an important role to improve the estimations. However, there is still a lack of clear workflow to conduct the Monte Carlo simulations for selecting different Monte Carlo methods. This paper, therefore, proposes a simulation flow for conducting Monte Carlo methods comparison in Industry 4.0 applications. Based on the simulation flow, we compare Cumulative Monte Carlo and Markov Chain Monte Carlo methods. The experimental results show the way to use the Monte Carlo methods in Industry 4.0 and possible limitations of the two simulation methods.
Czech name
—
Czech description
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Project
<a href="/en/project/EF16_019%2F0000822" target="_blank" >EF16_019/0000822: CyberSecurity, CyberCrime and Critical Information Infrastructures Center of Excellence</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
International Conference on Systems, Man, and Cybernetics (SMC'22)
ISBN
9781665452588
ISSN
1062-922X
e-ISSN
2577-1655
Number of pages
6
Pages from-to
242-247
Publisher name
IEEE
Place of publication
Not specified
Event location
Prague, Czech Republic
Event date
Jan 1, 2022
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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