Prescriptive Analytics in Production
February 24th 2021 | starting 4 pm
2nd event of the Softwarepark Hagenberg event series for IT-experts "Prescriptive Analytics" 2020/21
An established approach in the field of operations research is to apply mathematical optimization methods and metaheuristics to optimize production tasks
. Optimization objectives typically consist of energy efficiency, throughput, on-time delivery, cost, quality or a multi-criteria combination of these or similar objectives. Prescriptive Analytics in production means the hybrid combination of such optimization techniques with simulation and machine learning
. This opens up entirely new perspectives
with regard to anticipatory planning and maintenance as well as systems that are capable of learning and reacting in real time.