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Definition of strategies based on simulation and design of experiments

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Nowadays, even fairly small companies have to use more and more efficient working methodologies such as the "transnational" ones. The market may still be local or regional, but the competition is global. Companies, to be competitive, need to market their products at acceptable prices, in the right time and with a higher level of quality. According to some authors, the company's survival strategy involves the development of methodologies that are capable of designing, developing and / or improving the processes so that they are more efficient, with a low cost and in a shorter time. This article begins by discussing the relevance of the theme to the competitiveness of companies. Next, it is discussed how the Design of Experiments associated with simulation tools can contribute to the definition of operational strategies. Finally, an illustrative example is presented, and the main conclusions are drawn.

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Design of Experiments (DOE) Simulation Lean management Strategic management

Citation

Abreu, António; [et al] – Definition of strategies based on simulation and design of experiments. In Industrial Simulation Conference (ISC). Lisboa, Portugal: Instituto Superior de Engenharia de Lisboa, 2019. Pp. 1-6

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Instituto Superior de Engenharia de Lisboa

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