The challenge of integrating Industry 4.0 in the degree of Mechanical Engineering

Miranda, Susana Suarez-Fernandez de; Marcos, María P.; Peralta, Max; Aguayo, Francisco

doi:10.1016/j.promfg.2017.09.039

Cited by 51 publications

(19 citation statements)

References 2 publications

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“…Although in the recent past, it has been assumed that the focus of economic activity in developed countries has shifted from industrial production to the services sector, the industry will remain the engine of productivity growth and innovation in the years to come. Innovations are extremely essential for the success of the MEI [8]. It is possible to assume that mechanical engineering companies in Slovakia will be forced to follow current trends and invest in applied research, development, and high-tech services to increase productivity and added value.…”

Section: Introductionmentioning

confidence: 99%

Management and Economic Sustainability of the Slovak Industrial Companies with Medium Energy Intensity

et al. 2021

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Industry 4.0 and related automation and digitization have a significant impact on competition between companies. They have to deal with the lack of financial resources to apply digital solutions in their businesses. In Slovakia, Industry 4.0 plays an important role, especially in the mechanical engineering industry (MEI). This paper aims to identify the groups of financial ratios that can be used to measure the financial performance of the companies operating in the Slovak MEI. From the whole MEI, we selected the 236 largest non-financial corporations whose ranking we obtained according to the amount of generated revenues in 2017. Using factor analysis, from eleven traditional financial ratios, we extracted four independent factors that measure liquidity (equity to liabilities ratio, quick ratio, debt ratio, net working capital to assets ratio, current ratio), profitability (return on sales, return on investments), indebtedness (financial leverage, debt to equity ratio), and activity (assets turnover, current assets turnover) of the company. Our analysis is an essential prerequisite for developing a realistic financial plan for companies operating in the MEI, especially when considering investments in new technologies related to Industry 4.0.

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Section: Introductionmentioning

confidence: 99%

Management and Economic Sustainability of the Slovak Industrial Companies with Medium Energy Intensity

et al. 2021

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“…These smart industries are equipped with smart sensors, intelligent automation techniques and equipment, which can collect and analyse data and allow for better decision making. Moreover, intelligent networking among different platforms enables communication between machines and manufacturing process parameters that are developed by using IoT and ICT [25].…”

Section: Industry 40: Relevance and Implicationsmentioning

confidence: 99%

Challenges in Sensors Technology for Industry 4.0 for Futuristic Metrological Applications

Varshney

Garg

Nagla

et al. 2021

MAPAN

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The current advances and innovations in sensor technologies attributed to Industry 4.0 serve as the backbone for the inclusive growth of industry and ramping up the economy of any country. Industry 4.0 was basically conceptualized by introducing the Internet of Things (IoT) and Information and Communication technologies (ICT) that serve as an interface between digital and physical world through the fusion of smart sensors. The role of smart sensors and IoT-enabled industrial infrastructure is pivotal for adapting to the advanced technologies based on fusion of smart sensors. Digital meteorological traceability and uses of intelligent sensors, instrumentation and machinery in Industry 4.0, Smart Cities, Digital India and AtmaNirbhar Bharat missions of the government of India, are not only highly important but also in huge demand, which is going to increase manifolds in the years to come. The present paper is an attempt to provide a terse review and perspectives related to the advanced technological developments in this field and the challenges therein.

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“…Manufacturing systems 4.0 [3] have to be provided, not only with adaptability to VUCA contexts in their technological, economic, environmental, and social aspects, but also in a sustainable manner, so that, depending on the purpose established by the market [4], the system can co-evolve in a stable way. This entails a continuous evolution of the competencies associated to Operators 4.0, in order to deal successfully with increasingly complex and creative problems [5]. The aforementioned evolution of the competencies associated with Operators 4.0 gives rise to the interest in conceiving socio-technical cyber-physical manufacturing systems (SCMS), in which the processes and relationships between human and technological factors are integrated and can co-evolve, which is crucial in the management, development, and growth of smart factories and learning factories.…”

Section: Introductionmentioning

confidence: 99%

Life Cycle Engineering 4.0: A Proposal to Conceive Manufacturing Systems for Industry 4.0 Centred on the Human Factor (DfHFinI4.0)

et al. 2020

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Engineering 4.0 environments are characterised by the digitisation, virtualisation, and connectivity of products, processes, and facilities composed of reconfigurable and adaptive socio-technical cyber-physical manufacturing systems (SCMS), in which Operator 4.0 works in real time in VUCA (volatile, uncertain, complex and ambiguous) contexts and markets. This situation gives rise to the interest in developing a framework for the conception of SCMS that allows the integration of the human factor, management, training, and development of the competencies of Operator 4.0 as fundamental aspects of the aforementioned system. The present paper is focused on answering how to conceive the adaptive manufacturing systems of Industry 4.0 through the operation, growth, and development of human talent in VUCA contexts. With this objective, exploratory research is carried, out whose contribution is specified in a framework called Design for the Human Factor in Industry 4.0 (DfHFinI4.0). From among the conceptual frameworks employed therein, the connectivist paradigm, Ashby’s law of requisite variety and Vigotsky’s activity theory are taken into consideration, in order to enable the affective-cognitive and timeless integration of the human factor within the SCMS. DfHFinI4.0 can be integrated into the life cycle engineering of the enterprise reference architectures, thereby obtaining manufacturing systems for Industry 4.0 focused on the human factor. The suggested framework is illustrated as a case study for the Purdue Enterprise Reference Architecture (PERA) methodology, which transforms it into PERA 4.0.

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The challenge of integrating Industry 4.0 in the degree of Mechanical Engineering

Cited by 51 publications

References 2 publications

Management and Economic Sustainability of the Slovak Industrial Companies with Medium Energy Intensity

Management and Economic Sustainability of the Slovak Industrial Companies with Medium Energy Intensity

Challenges in Sensors Technology for Industry 4.0 for Futuristic Metrological Applications

Life Cycle Engineering 4.0: A Proposal to Conceive Manufacturing Systems for Industry 4.0 Centred on the Human Factor (DfHFinI4.0)

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