Tag: Applied AI Modeling

Advanced Analytics
Bahar Biller 0
Optimize spare parts inventory under uncertainty with SAS: A simulation-based approach

Authors: Bahar Biller, Jagdishwar Mankala, and Jinxin Yi Managing spare parts inventory is a critical aspect of asset performance management, especially in industries where equipment downtime is costly. This post, based on a real-world project with a major aircraft manufacturer, explores how to optimize spare parts inventory under uncertainty. We

Artificial Intelligence | Innovation
Glynn Newby 0
Ready-made AI models: The next industrial revolution in manufacturing

The manufacturing industry is at a fascinating crossroads, brimming with potential for groundbreaking advancements. We find ourselves in an era of unprecedented data surges, intricate supply chain networks and a relentless drive to innovate. This dynamic environment, now known as Industry 4.0 – 5.0, has cultivated a fertile ground where

Advanced Analytics | Artificial Intelligence | Innovation
Lindsey Coombs 0
Ready-made AI models: Faster access to AI at lower cost and risk

Fast-paced technology like AI can have barriers to entry. Whether infrastructure, data limitations, talent gaps or complying with rapidly changing regulations. Organizations from health care to manufacturing and the public sector are often stymied by these obstacles that can slow AI adoption and use. Ready-made AI models can bypass the