Simio Partner Finalist in Franz Edelman Award

The prestigious Franz Edelman Award for Achievement in Operations Research and the Management Sciences was presented at the Edelman Gala on April 16th, 2018 in Baltimore, Maryland. The Franz Edelman competition honors distinction in the practice of Operations Research and Analytics, by both individuals and companies, with emphasis on the beneficial impact of their achievements.

To reach the finals, companies are required to demonstrate how their use of technology is transforming the approach to some of the world’s most complex problems.

Simio is proud to be the provider of the simulation that facilitated one of this year’s finalists, Europcar, through our partner, ACT Operations Research (ACTOR). Our combined technologies have been used to develop Opticar which provides forecasting, simulation and optimization of the processes relating to vehicle rental for the leading European car rental company.

Simulation for Decision Making

The vehicle rental industry is a huge, complex, constantly changing market, with cultural variations across countries. In order to meet dynamic demand, decisions are continuously made regarding fleet assets, their locations, usage and pricing. The combination of AI, statistical modeling and simulation allows all eventualities to be considered and evaluated in order to establish optimum processes and make informed decisions.

Simulation can be used to model the possibilities with respect to both capacity and revenue, helping managers of car rental companies to reduce their risks in terms of planning for optimal fleet saturation. By making quality decisions, they can constantly maximize business opportunity for the company and ensure consistent financial and service performances.

At Simio, we are constantly solving business problems of this kind through simulation. When complex system schedules and decisions are required, we deliver leading edge solutions across many industries, from manufacturing to transportation and logistics.

Simio is proud to congratulate our partner ACTOR, with Europcar, on their outstanding achievement of becoming a Franz Edelman Award finalist.

Not Just Another Industrial Revolution

As we experience this exciting time in history, the 4th Industrial Revolution is happening all around us, without most people even knowing about it. Massive leaps forward are being made possible by the digital platform that the whole world is adopting.

But how did we get so far in the relatively short time of 200 years – in the span of a few generations?

It was only in the final years of the 18th century that the 1st Industrial Revolution began when steam power changed how things were made and transported. The invention and refinement of the steam engine and the use of hydraulic power enabled the economy to develop, and allowed people to move forward and experience growth and travel.

100 years later, in the 2nd Industrial Revolution, electricity facilitated assembly lines and mass production, sparking the consumer age and creating further opportunity for innovation and discovery.

The momentum continued when, at the beginning of the 1960s and throughout the 3rd Industrial Revolution, computing allowed machines and networks to spread to homes, schools, universities and workplaces, developing the potential for study and the exchange of ideas, promoting further advancement.

Each subsequent decade brought significant progress; semiconductors and mainframe computers in the 1960s, personal computers in the 1970s and 1980s and the internet in the 1990s.

The 4th Industrial Revolution, or Industry 4.0, is upon us in this 21st century as we build even further on that foundation, with the potential to achieve exponential growth in what we are able to attain. Reaching across disciplines, we are now transferring technology between the physical, digital and biological domains.

Change is happening faster and new developments are spreading more quickly than ever. Cyber-physical systems are melding the physical and virtual worlds, using simulation and virtual reality and even creating Digital Twins.

All of this allows us to study and understand the world we are creating, speed up the design process and predict behavior, in order to boost productivity and prevent disaster.

In this way, simulation and scheduling software is an important part of our latest Industrial revolution, sitting comfortably alongside the other enablers:

Additive Manufacturing

Augmented Reality

Autonomous Robots

Big Data

Cloud Computing

Cyber Security

System Itegration

The Internet of Things (IoT)

The perfect tool for the Smart Factory, Simio Simulation Software helps capitalize on the Industrial Revolution that is happening around us; improving agility, increasing productivity and mitigating risk as the next stages in the process of disruptive change unfold in our exciting new digital age.

Contact Simio today to speak with our Engineers about the Simio advantage:

1-412-528-1576  inquiries@simio.com

Take advantage of our fantastic Simio Training offer.

For a limited time only, we are offering a $2,000 training voucher with every Simio software license purchased.*

What you will receive:

$2,000 Credit towards Simio Standard Training

You can also use your voucher towards one of our Simio online Paid Certification Programs or for books or publications available to help you learn Simio faster.

The Benefits of Simio Training

Learning from our experienced trainers, Simio Simulation and Scheduling Software allows you to:

  • explore the capabilities and advantages of Simio software
  • update your skills to the latest in simulation technology
  • learn using examples relevant to your own application

Simio’s professional trainers customize the course for you, in order to make the most of the learning opportunity. All printed course material is included, as well as the necessary access to Simio software.

There is Simio training can be with Simio, any participating partner or on-site:

 

4-Day Training

Taking it further, this training develops competence by using specific, relevant examples for the model data and scenarios and focusing on the interpretation of results.  It also includes many tips on how to fast track your simulation projects and ensure their success.

Call Us Now to claim your $2,000 Training Voucher and find the right Simio training for your needs: 1-877-297-4646(Toll Free) or Direct 1-412-528-1576

* Terms & Conditions of offer:

Purchase must be a perpetual license of the Design Edition, or higher.

Payment or PO must be received before December 31st, 2017.

Voucher value is $2,000 US Dollars and expires October 31st, 2018.

No other discounts apply to the license purchase which must be for commercial use.

Offer ends 31 December, 2017.

Optimizing the Smart Factory

In the same way that a product development involves prototyping, the production process for manufacturing that product should also be optimized for maximum efficiency and productivity.Discrete Event Simulation (DES) software approximates the manufacturing process into individual events, so can be used to model each step in manufacturing process for overall performance optimization.

The IT innovations of Industry 4.0 allow data collected from its digitalized component systems in the Smart factory to be used to simulate the whole production line using Discrete Event Simulation software.

Real time information on inventory levels, component histories, transport, logistics and much more can be fed into the model, developing different plans and schedules through simulation. In this way, alternative sources of supply or production deviations can be evaluated against each other while minimizing potential loss and disruption.

When change happens, be it a simple stock out or equipment breakdown or an unexpected natural disaster on a huge scale, Discrete Event Simulation software can produce models showing how downstream services will be affected and the impact on production. Revised courses of action can then be assessed and a solution implemented.

The benefits of using Discrete Event Simulation software to schedule and reduce risk in an Industry 4.0 environment include assuring consistent production where costs are controlled and quality is maintained under any set of circumstances.

Scheduling in the Industry 4.0

Today started badly.

As soon as I hopped into my car, the GPS system was flashing red to show queues of stationary traffic on my regular route to the office. Thankfully, the alternative offered allowed me to arrive on time and keep my scheduled appointments.

In the same way as a GPS combines live traffic data with an accurate map of the city, Simio Software connects real time data sources with a modeled production situation. Just like a GPS, Simio can also impose rules, make decisions, schedule and reschedule.

The major difference is in the scale.

Simio Simulation and Scheduling Software can model entire factories, holding huge quantities of detailed data about each resource, component and material. It leverages big data analysis to run thousands of permutations of scenarios, finding the optimum outcomes for specific circumstances. Lightning fast, it can detect and respond to changes with suggestions that will keep everything flowing in the best possible way.

Thank goodness for Simio, because Industry 4.0 is here.

Smart Factories employ fully integrated and connected equipment and people, each providing real time feedback about their state. Data is constantly collected on each product component, for process monitoring and control. Every aspect of the entire operation is managed through its associated specifications and status data. This large, constant stream of information coming from a known factory configuration can be received, stored, processed and reported upon by the powerful Simio software.

With Industry 4.0, nothing is left to chance. Everything is monitored and optimized, and performance is predicted, measured, improved and adapted on an ongoing basis. Management of so many interconnected components requires a scheduling system that is specifically designed to operate in this dynamic data environment. Simio Production Scheduling Software can be relied upon to provide the integrated solution for enabling technology in the Smart Factories of the future.

We are already seeing a rise in robotics and the increasing digitalization of the manufacturing industry under the effects of Industry 4.0. Soon all components of the factory model will be interconnected, just like my future driverless car that will communicate directly with my GPS to take the best route using current traffic information.

All I will have to do is sit back and enjoy the ride.

Simio Presents the 2017 User Group Meeting

Simio is pleased to announce the 1st Annual Simio User Group Meeting, scheduled for May 24-25, 2017, in Pittsburgh, PA. This meeting will be very interactive and informative for current or future users of Simio’s simulation and scheduling software.

The meeting will be held at the Drury Plaza Hotel Pittsburgh Downtown, which is a brand new hotel built in the historic Federal Reserve Bank building.

Who Can Attend?

Anyone currently using Simio’s simulation and scheduling software for any industry is invited to attend. Alternatively, if your company is considering using Simio software, we invite you to attend, as well, to gather more information about the product and how it can help you.

What to Expect

This meeting will be jam-packed with great presentations, advanced learning seminars and outstanding networking opportunities with Simio users and employees. With your registration, you will also receive meals, a book including all of the papers presented at the meeting for both days, and a special Pittsburgh themed gift!

There will be plenty of information to go around, so if you’ve invested in Simio, you won’t want to miss this event. You’ll be able to see real user experiences and get some great feedback on how to better utilize the software to generate even greater results.

Information for Presenters

If you currently use Simio software and would like to present a paper at the User Group Meeting, we’d love to hear from you.

All the paper needs is the following information:

  • A brief overview of your company
  • Why you chose Simio
  • The approach used in Simio
  • Results achieved by using Simio

Pricing Information

A block of rooms are reserved. However, in order to receive the discounted rate to the hotel, you must book your room on or prior to April 20, 2017. The prices for the event itself are:

  • Early Registration (before April 14, 2017) – $50 for attendees, $40 for presenters
  • Open Registration (before May 12, 2017) – $60 for attendees
  • Late Registration – $100 for attendees

Note: All presenters must be registered by April 14, 2017.

We encourage you to attend this event so you can learn more about Simio success stories. Be sure to sign up today to secure the early registration rate.

Hope to see you there!

Eric Howard

VP of Marketing