Why More Manufacturers are betting on Simulation Software in 2020

In the past decade, the manufacturing industry struggled to increase its production rate even with the implementation of lean manufacturing concepts within shop floors. A major cause of the stagnant productivity levels manufacturers’ encountered was strategy planning and its implementation. In many cases, the inability to accurately assess how strategic changes affect production led to …

What are the Differences Between Simulation Software: Discrete, Continuous, and Agent-Based?

Simulation has become an integral part of many industries due to its capacity to provide insight into complex operations and processes. This post deals with the different types of simulation software applications, their capabilities, and application. Here, discrete event, agent-based, and continuous simulation will be defined and the differences across all options highlighted to help …

Industry 4.0 Revolution: Understanding the Digital Twin and Its Benefits

The world is moving toward an era of more efficient business operations driving by automation. This was one of the key messages of Mitsubishi Hitachi Power Systems CEO, Paul Browning, at the just concluded 2019 CERAWeek held in Houston. Paul Browning, who was the keynote speaker on the ‘digital transformation agenda’, spoke about Mitsubishi’s use …