2023
Authors
Ramos, P; Oliveira, JM;
Publication
APPLIED SYSTEM INNOVATION
Abstract
Retailers must have accurate sales forecasts to efficiently and effectively operate their businesses and remain competitive in the marketplace. Global forecasting models like RNNs can be a powerful tool for forecasting in retail settings, where multiple time series are often interrelated and influenced by a variety of external factors. By including covariates in a forecasting model, we can often better capture the various factors that can influence sales in a retail setting. This can help improve the accuracy of our forecasts and enable better decision making for inventory management, purchasing, and other operational decisions. In this study, we investigate how the accuracy of global forecasting models is affected by the inclusion of different potential demand covariates. To ensure the significance of the study's findings, we used the M5 forecasting competition's openly accessible and well-established dataset. The results obtained from DeepAR models trained on different combinations of features indicate that the inclusion of time-, event-, and ID-related features consistently enhances the forecast accuracy. The optimal performance is attained when all these covariates are employed together, leading to a 1.8% improvement in RMSSE and a 6.5% improvement in MASE compared to the baseline model without features. It is noteworthy that all DeepAR models, both with and without covariates, exhibit a significantly superior forecasting performance in comparison to the seasonal naive benchmark.
2023
Authors
Mesquita, M; Simões, AC; Teles, V;
Publication
Lecture Notes in Mechanical Engineering
Abstract
The Industry 4.0 technologies and servitization are requiring manufacturers to reinvent themselves to remain competitive. In this sense, companies are putting more emphasis on the customer experience, while associating services to their products with the support of emerging technologies. At the same time, actors in the innovation ecosystem such as universities, research institutes, and service providers are involved in the value co-creation process. Thus, this study aims to systemize and present the main findings of a literature review regarding the role of digitalization, servitization, and innovation ecosystem actors in boosting innovation in business models. The study involved 585 articles in international journals and conference proceedings published till 2021. A detailed selection process led 10 articles for further analysis. As a consequence of digitalization and servitization, there has to be an alignment among ecosystem actors to capture the co-created value generated by BMI. Moreover, the combination of BMI, servitization, and digitalization may also be structured into frameworks according to the different levels of each of those factors, thus allowing for companies to assess and position themselves in such frameworks and identify the path to follow. However, any of these articles addressed the combination of the three topics proposed: digitalization, servitization, and the contribution of the innovation ecosystem actors, even if they showed a clear interdependence between these areas, leading to common findings impacting BMI. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
2023
Authors
Da Silveira, RIM; Torres Júnior, N; Teixeira, R; Simões, AC;
Publication
Exacta
Abstract
2023
Authors
Almeida, D; Simões, AC;
Publication
Proceedings of the 29th International Conference on Engineering, Technology, and Innovation: Shaping the Future, ICE 2023
Abstract
Industrial companies live in a context of dynamic technological innovation, in which new technologies are adopted with a high impact internally and externally, leveraging their competitive advantages. A usual situation is managers deciding to adopt technologies, often without realising the impacts on the company but mainly supported by a strategic vision and the pursuit of differentiation factors. This article aims to present the results of a literature review on the impacts of Industry 4.0 technologies adoption in sustainability dimensions by industrial companies. These impacts were presented according to the three dimensions of sustainability: economic, environmental and social. The results of this study can be used by practitioners and researchers for an overview of the I4.0 technologies adoption by manufacturing companies and their impacts on sustainability dimensions, summarising the knowledge concerning this topic. © 2023 IEEE.
2023
Authors
Silva, AC; Marques, CM; de Sousa, JP;
Publication
SUSTAINABILITY
Abstract
In a world facing unprecedented challenges, such as climate changes and growing social problems, the pharmaceutical industry must ensure that its supply chains are environmentally sustainable and resilient, guaranteeing access to key medications even when faced with unanticipated disruptions or crises. The core goal of this work is to develop an innovative simulation-based approach to support more informed and effective decision making, while establishing reasonable trade-offs between supply chain robustness and resiliency, operational efficiency, and environmental and social concerns. Such a decision-support system will contribute to the development of more resilient and sustainable pharmaceutical supply chains, which are, in general, critical for maintaining access to essential medicines, especially during times of crises or relevant disruptions. The system will help companies to better manage and design their supply chains, providing a valuable tool to achieve higher levels of resilience and sustainability. The study we conducted has two primary contributions that are noteworthy. Firstly, we present a new advanced approach that integrates multiple simulation techniques, allowing for the modeling of highly complex environments. Secondly, we introduce a new conceptual framework that helps to comprehend the interplay between resiliency and sustainability in decision-making processes. These two contributions provide valuable insights into understanding complex systems and can aid in designing more resilient and sustainable systems.
2023
Authors
Homayouni, SM; Fontes, DBMM; Goncalves, JF;
Publication
INTERNATIONAL TRANSACTIONS IN OPERATIONAL RESEARCH
Abstract
This work addresses the flexible job shop scheduling problem with transportation (FJSPT), which can be seen as an extension of both the flexible job shop scheduling problem (FJSP) and the job shop scheduling problem with transportation (JSPT). Regarding the former case, the FJSPT additionally considers that the jobs need to be transported to the machines on which they are processed on, while in the latter, the specific machine processing each operation also needs to be decided. The FJSPT is NP-hard since it extends NP-hard problems. Good-quality solutions are efficiently found by an operation-based multistart biased random key genetic algorithm (BRKGA) coupled with greedy heuristics to select the machine processing each operation and the vehicles transporting the jobs to operations. The proposed approach outperforms state-of-the-art solution approaches since it finds very good quality solutions in a short time. Such solutions are optimal for most problem instances. In addition, the approach is robust, which is a very important characteristic in practical applications. Finally, due to its modular structure, the multistart BRKGA can be easily adapted to solve other similar scheduling problems, as shown in the computational experiments reported in this paper.
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