semiconductor industry
1 article · search the full text for this term
-
A Monte Carlo Simulation Approach to Decision Analytics in Manufacturing and Industrial Automation Project Management
Abstract: Manufacturing and industrial automation projects face high uncertainty and risk arising from factors such as complex supply chains, equipment variability, and fluctuating production demands. If not properly managed, these uncertainties can lead to costly delays, unplanned downtime, and budget overruns that jeopardize project success. Given the shortcomings of deterministic planning in such volatile environments. If not properly managed, it can lead to costly delays and failures if not properly managed. …
Published in Journal of Production Research & Management · Vol. 15, Issue 2, 2025 · pp. 1–12 Read article