scholarly journals Improvement of Delivery Reliability by an Intelligent Control Loop between Supply Network and Manufacturing

2021 ◽  
Vol 11 (5) ◽  
pp. 2205
Author(s):  
Dennis Bauer ◽  
Thomas Bauernhansl ◽  
Alexander Sauer
Keyword(s):  
Customer Orientation ◽  
Supply Network ◽  
Manufacturing Companies ◽  
Control Loop ◽  
Manufacturing Control ◽  
Physical Systems ◽  
Controlling Element ◽  
Delivery Reliability ◽  
Iot Devices ◽  
A Company

Manufacturing companies operate in an environment characterized as increasingly volatile, uncertain, complex and ambiguous. At the same time, their customer orientation makes it increasingly important to ensure high delivery reliability. Manufacturing sites within a supply network must therefore be resilient against events from the supply network. This requires deeper integration between the supply network and manufacturing control. Therefore, this article presents a concept to connect supply network and manufacturing more closely by integrating events from the supply network into manufacturing control’s decisions. In addition to the requirements, the concept describes the structure of the system as a control loop, a reinforcement learning-based controlling element as the central decision-making component, and the integration into the existing production IT landscape of a company as well as with latest internet of things (IoT) devices and cyber-physical systems. The benefits of the concept were elaborated in expert workshops. In summary, this approach enables an effective and efficient response to events from the supply network through smarter manufacturing control, and thus more resilient manufacturing.

Wertschöpfungsnetzwerk und Produktion integrieren/Integrating supply network and manufacturing: An adaptive, closed-loop-based approach

2020 ◽  
Vol 110 (03) ◽  
pp. 92-97
Author(s):  
Dennis Bauer ◽  
Thomas Bauernhansl ◽  
Alexander Sauer
Keyword(s):  
Adaptive Control ◽  
Closed Loop ◽  
Cost Savings ◽  
Technical Solution ◽  
Supply Network ◽  
Manufacturing Companies ◽  
Solution Component ◽  
Control Loop ◽  
Significant Cost ◽  
Deep Integration

Von der Integration von Wertschöpfungsnetzwerk und Produktion versprechen sich produzierende Unternehmen eine schnellere Reaktion auf Ereignisse und signifikante Kosteneinsparungen. Der Beitrag zeigt einen adaptiven Regelkreis als technischen Lösungsbaustein für solch eine vertiefte Integration.   By integrating supply network and manufacturing, companies expect a faster response to events and significant cost savings. This article shows an adaptive control loop as a technical solution component for such a deep integration.

The Effect of Bankruptcy Possibility on Audit Delay and Timeliness (Empirical Study on Manufacturing Companies Listed in Indonesian Stock Exchange in the Period of 2012-2016)

2019 ◽  
Vol 2 (2) ◽  
pp. 118-146
Author(s):  
Triana Meinarsih ◽  
Abdul Yusuf ◽  
Muhammad Zilal Hamzah
Keyword(s):  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Z Score ◽  
Quality Of Accounting Information ◽  
Independent Variable ◽  
A Company

Audit delay and timeliness are important factors that influence the quality of accounting information in term of relevance. This study provides empirical evidence to answer the question of how bankruptcy possibility impacts on audit delay and timeliness.  This research studies manufacturing firms listed in Indonesian Stock Exchange (IDX) in the period of 2012-2016. Data are taken from official website of IDX. This study is a quantitative research that seek to find out relationship between independent variable and dependent variable. External secondary data used are annual reports accessed from IDX website. Measurement used is Z-Score Altman model prediction, while simple linear regression is employed as technical analysis. This study finds that bankruptcy possibility which is measured by ZScore is negatively influence audit delay and timeliness. Any decrease of Z-Score shows the possibility of a company experience bankruptcy and therefore causes audit delay and timeliness.

Territorial capital as a company intangible

2016 ◽  
Vol 17 (1) ◽  
pp. 148-167 ◽  
Author(s):  
Mariachiara Barzotto ◽  
Giancarlo Corò ◽  
Mario Volpe
Keyword(s):  
Great Difficulty ◽  
Future Research ◽  
Manufacturing Companies ◽  
Policy Makers ◽  
Content Type ◽  
Capital Growth ◽  
Multiple Case ◽  
Definition Of ◽  
A Company

Purpose – The purpose of this paper is twofold. First, to explore to what extent being located in a territory is value-relevant for a company. Second, to understand if a company is aware of, and how it can sustain, the territorial tangible and intangible assets present in the economic area in which it is located. Design/methodology/approach – The study presents an empirical multiple case-study, investigating ten mid-/large-sized Italian companies in manufacturing sectors. Findings – The results indicate that the sampled manufacturing companies are intertwined with the environment in which they are embedded, both in their home country and in host ones. The domestic territorial capital has provided, and still provides, enterprises with workers endowed with the necessary technical skills that they can have great difficulty in finding in other places. In turn, companies support territorial capital generation through their activities. Research limitations/implications – To increase the generalisability of the results, future research should expand the sample and examine firms based in different countries and sectors. Practical implications – Implications for policy makers: developing effective initiatives to support and guide a sustainable territorial capital growth. Implications for managers and investors: improving managerial and investors’ decisions by disclosing a complete picture of the enterprise, also outside the firm boundaries. Originality/value – The study contributes to intangibles/intellectual capital literature by shedding light on the importance of including territorial capital in a company’s report to improve the definition of the firm’s value. Accounting of the territorial capital would increase the awareness of the socio-economic environment value in which companies are located and its use.

ANALISIS AKUNTANSI PERSEDIAAN PERUSAHAAN MANUFAKTUR MENURUT PSAK NO 14 PADA PT AGUNG BUMI AGRO

2021 ◽  
Vol 23 (1) ◽  
pp. 108-126
Author(s):  
Laras Mei ◽  
Nanik Kustiningsih ◽  
Rizalnur Firdaus
Keyword(s):  
Business Activity ◽  
Manufacturing Companies ◽  
A Company

Abstract Inventory is one of the important things for a company, this isbecause most of the assets owned by the company are located on theinventory account side. For trading and manufacturing companies,inventory can be said to be the life or heart of the business, because thecompany's main business activity comes from the availability of inventorystocks. Therefore, the application of inventory accounting inmanufacturing companies is necessary to avoid the occurrence of OverStock (OS) or Out Of Stock (OOS). The purpose of research at PT AgungBumi Agro is to find out whether the application of PT Agung Bumi Agro'sinventory accounting is in accordance with PSAK No. 14 Revised of 2015.This research was conducted by comparing the process of implementingPT Agung Bumi Agro's inventory accounting with the applicableprovisions of PSAK No. 14 Revision of 2015. The results obtained in thisstudy explain that the inventory accounting income at PT Agung BumiAgro is good in terms of inventory definition, inventory measurement,recognition as expense and disclosure of inventories have beenimplemented in accordance with PSAK No. 14, 2015 Revision.Keywords : Inventory; PSAK No 14, 2015 Revision; InventoryValuation; Inventory Recording

scholarly journals Process Capability Database Usage in Industry: Myth vs. Reality

1999 ◽  
Author(s):  
Melissa Tata ◽  
Anna C. Thornton
Keyword(s):  
Process Capability ◽  
Manufacturing Industries ◽  
Design Management ◽  
Management Support ◽  
Manufacturing Companies ◽  
Design And Manufacturing ◽  
A Company

Abstract Process capability data (PCD) is used during design to assess manufacturability, allocate tolerances, and evaluate robustness. Process capability databases (PCDBs)1 have been developed by many design/manufacturing industries to capture their process capability and communicate it to the entire organization. While these databases are being used to monitor quality, they are not being effectively utilized by design. A survey of design and manufacturing companies was used to determine both how PCD is being used and the barriers preventing design from fully utilizing PCD. Two key barriers were identified: lack of a company-wide vision for PCD usage and poor communication between manufacturing and design. Management support, training, database population, common databases, and common indexing schemes were identified as solutions to these barriers.

An Analysis of Knowledge Space Concept and Recursive Approach for Servitizing in Manufacturing Industries

2014 ◽  
pp. 273-291
Author(s):  
H. M. Belal ◽  
Kunio Shirahada ◽  
Michitaka Kosaka
Keyword(s):  
Competitive Advantage ◽  
Value Chain ◽  
Manufacturing Industry ◽  
Manufacturing Companies ◽  
Knowledge Space ◽  
Creation Process ◽  
A Value ◽  
A Company ◽  
Analysis Of Knowledge ◽  
Space Concept

This chapter proposes a knowledge space concept and a recursive approach to servitizing in the manufacturing industry. Manufacturing companies need to move up the value chain and compete on the basis of value delivered rather than on the basis of typical products. Therefore, more corporations are adding value to their core corporate offerings through services, which is called servitization, and the strength of service activities within the manufacturing industry (servitization) has become the main source of competitive advantage. This chapter identifies two exclusive approaches to adapting servitization in the manufacturing industry called the knowledge space concept and recursive approach, which also explains the value co-creation process with customers through integrating “B-to-B to C,” which produces a company that is a value provider.

Adoption of Machine Learning With Adaptive Approach for Securing CPS

2020 ◽  
pp. 388-415
Author(s):  
Rama Mercy Sam Sigamani
Keyword(s):  
Machine Learning ◽  
Cyber Security ◽  
Smart Grids ◽  
False Negative ◽  
False Negative Rate ◽  
Cyber Physical Systems ◽  
Detection Accuracy ◽  
Physical Systems ◽  
Positive Rate ◽  
Iot Devices

The cyber physical system safety and security is the major concern on the incorporated components with interface standards, communication protocols, physical operational characteristics, and real-time sensing. The seamless integration of computational and distributed physical components with intelligent mechanisms increases the adaptability, autonomy, efficiency, functionality, reliability, safety, and usability of cyber-physical systems. In IoT-enabled cyber physical systems, cyber security is an essential challenge due to IoT devices in industrial control systems. Computational intelligence algorithms have been proposed to detect and mitigate the cyber-attacks in cyber physical systems, smart grids, power systems. The various machine learning approaches towards securing CPS is observed based on the performance metrics like detection accuracy, average classification rate, false negative rate, false positive rate, processing time per packet. A unique feature of CPS is considered through structural adaptation which facilitates a self-healing CPS.

scholarly journals Exploring Risks Transferred from Cloud-Based Information Systems: A Quantitative and Longitudinal Model

Sensors ◽  
2018 ◽  
Vol 18 (10) ◽  
pp. 3488 ◽  
Author(s):  
Wafa Bouaynaya ◽  
Hongbo Lyu ◽  
Zuopeng Zhang
Keyword(s):  
Cloud Computing ◽  
Information System ◽  
Information Systems ◽  
Internet Of Things ◽  
Risk Estimation ◽  
Estimation Method ◽  
Cyber Physical Systems ◽  
Longitudinal Model ◽  
Physical Systems ◽  
A Company

With the growing popularity of Internet of Things (IoT) and Cyber-Physical Systems (CPS), cloud- based systems have assumed a greater important role. However, there lacks formal approaches to modeling the risks transferred through information systems implemented in a cloud-based environment. This paper explores formal methods to quantify the risks associated with an information system and evaluate its variation throughout its implementation. Specifically, we study the risk variation through a quantitative and longitudinal model spanning from the launch of a cloud-based information systems project to its completion. In addition, we propose to redefine the risk estimation method to differentiate a mitigated risk from an unmitigated risk. This research makes valuable contributions by helping practitioners understand whether cloud computing presents a competitive advantage or a threat to the sustainability of a company.

scholarly journals An Assessment of RFID Applications in Manufacturing Companies

2015 ◽  
Vol 6 (4) ◽  
pp. 33-42 ◽  
Author(s):  
Bartłomiej Gładysz
Keyword(s):  
Decision Making ◽  
Internet Of Things ◽  
Research Program ◽  
Cyber Physical Systems ◽  
Complex Method ◽  
Manufacturing Companies ◽  
Rfid Technology ◽  
Physical Systems ◽  
Early Decision ◽  
Rfid Applications

Abstract The meaning of Cyber Physical Systems and an Internet of Things with indication of RFID position in those concepts was outlined. Research program related to assessment of RFID technology was presented. Author deducted on problems related to RFID implementations and RFID essentially for logistics of manufacturing companies. Research goals and problems were formulated. Tools, techniques, models and methods that could be utilized were proposed and discussed. Research was focused on design of a new method to support early decision making phases for RFID application in logistics of manufacturing companies. Author stated that literature and practice lacks of complex method to answer if RFID is strategically important for the company, which processes should be RFID-supported, how RFID-supported processes should be designed and if RFID-support is rational. Framework for assessment of RFID technology with illustrative example was discussed.

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