Cognitive Decision-Making Algorithms for Sustainable Manufacturing Processes in Industry 4.0: Networked, Smart, and Responsive Devices
Cognitive Decision-Making Algorithms for Sustainable Manufacturing Processes in Industry 4.0: Networked, Smart, and Responsive Devices
Author(s): Boris Kollar, Jane Catherine Hollowell, Jaromir Vrbka, Erika KovalovaSubject(s): Business Economy / Management
Published by: Addleton Academic Publishers
Keywords: cognition; decision making; algorithm; Industry 4.0;sustainability;
Summary/Abstract: Based on an in-depth survey of the literature, the purpose of the paper is to better understand cognitive decision-making algorithms for sustainable manufacturing processes in Industry 4.0. Using and replicating data from Capgemini, Deloitte, McKinsey, Optus Business, and PwC, we performed analyses and made estimates regarding Industry 4.0 levers mapped to the main value drivers (%), current status of smart factory initiatives (%), and transformation management intensity parameters (%). Data were analyzed using structural equation modeling.
Journal: Economics, Management, and Financial Markets
- Issue Year: 14/2019
- Issue No: 4
- Page Range: 9-15
- Page Count: 7
- Language: English
- Content File-PDF