Simulation and the Fourth Industrial Revolution

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Abstract

Advancements in systems simulation over the past decade have propelled simulation into a new position as a decision-making tool in Industry 4.0 applications. This paper addresses the specific benefits of simulation which can be utilized to enable greater flexibility in decision making in the Industry 4.0 environment. It is stressed that both discrete event simulation (DES) and agent-based simulation (ABS) can be used to represent complex interactions in a fully integrated set of virtual and physical systems.

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