The oil & gas industry is a hotbed of innovation, driven by the need to increase production, reduce cost, improve safety and cut the carbon footprint. Digital technologies are playing an increasing role…
The Quick Service Restaurant (QSR) industry is growing fast. Key challenges include meeting order demand at peak times, problems with procurement/inventory management, high delivery costs and staffing needs/levels. Companies also highlight significant challenges…
Like AI a few years ago, digital twins (DT) have moved from highly specific applications into a widespread management best practice. DT is replacing historical data-driven models used for business strategy. Pharma/cosmetics companies…
Facebook went all in on the metaverse. They changed their name to Meta and spent billions, but now see a decline in excitement around the idea. They laid off thousands in their metaverse…
The Association for Engineering Management (ASEM) recently released the 3rd Edition of The Engineering Management Handbook, which includes a chapter on simulation with practical application case studies as part of the broader Operations…
In emergencies, internet can be cut which hinders communication for response/rescue. MOSIMTEC worked with Danish university students to create a UAV model to meet this need. The students evaluated key parameters such as…
ChatGPT has made AI a household word. AI is now taking Digital Twins (DT), a top technology trend, to the next level. AI can improve DT efficiency by providing insights beyond what real-world…
Per Northrop Grumman (NG), the use of digital twins (DT) is key to digital transformation success. NG helped found the DT Consortium and works with government/industry partners to deliver DT benefits to the…
An Event Graph is a graphical representation of a discrete system for which a static simulation algorithm can work on. It is an intermediary step between system specification and simulation implementation. An Event…