The chapter describes an approach for design and sufficient analysis of management and information models by implementing product innovation projects in production and economic systems (PESs). The obtained model and the set of parameters for project evaluation are unique and depend on the specific features of project, decision-maker preferences, and PES project. This chapter also broadly outlines criteria-based approaches to measure production risks and evaluate risks associated with PES planning. Embodied principles help to design specific simulation models and provide information support for sufficient decision-making in PES that was newly introduced at an enterprise and/or on the basis of available data systems.
Part of the book: Key Issues for Management of Innovative Projects
The shift to the concepts Industry 4.0 and IIoT helps collect a vast amount of objective data about processes that take place in a production system, and thus, it creates background for taking advantage of theoretical results in practice; it is a trend towards synchronizing production system processes and external (market) processes in practice. In order for the target to be achieved, we use the methods that formalize management tasks in the form of predictive models, consider the cases with the computational solution of management models and decision making in production system tasks which are set based on time factor and are solved by approximate methods. We also take a look at the problems of probabilistic nature of gained decisions and address the cases, when by computational solution of tasks we need to take into account restrictions and select time step in order to obtain the decision in a table form of the function of time. The problems that we investigate help obtain and solve management tasks of production systems with help of forecasting data for a group of indices that are involved in decision making – this all helps enhance the sufficiency and quality of management decisions.
Part of the book: Digital Transformation in Smart Manufacturing