Value creation in manufacturing industry based on the simulation

Abstract

Digitalization and globalization challenge companies to remain competitive to survive. Digitalization is disrupting traditional business models and reshaping organizational structures but also offering new opportunities to improve products. For example, various different simulation approaches are widely utilized in modern manufacturing. Using industry case examples, this dissertation examines how simulation is currently being used.

The objective of the dissertation is to provide manufacturing industry insight into how simulation can be implemented from both technological and management perspectives. The included research publications cover technically oriented articles with industrial use cases for physics-based simulation and management-oriented articles that study value creation and digital business ecosystems.

The included articles make several contributions regarding the development of simulation modeling as well as providing information as to how value is created via simulation in manufacturing. Therefore, the information provided is useful to promote and assist further research in the field.