Production System Efficiency Optimization Using Sensor Data, Machine Learning-based Simulation and Genetic Algorithms

In modern industries, there is a significant repository of sensor data, which contains a large amount of information. Unfortunately, this rich source of information is undervalued and underutilized, and its full potential is not fully exploited by modern day manufacturers. In the Industry 4.0 era, exploiting these powerful datasets is becoming critical for manufacturers’ survival and competitiveness in the age of artificial intelligence. Cooperative and mutual efforts between academia and the