Shot-noise processes generalize compound Poisson processes in the following way: a jump (the shot) is followed by a decline (noise). This constitutes a useful model for insurance claims in many circumstances; claims due to natural disasters or self-exciting processes exhibit similar features. We...

Fourth Industrial Revolution or Industry 4.0 denotes a fundamental change on how production and business in general is perceived and organized. This paper questions the role of logistics within this context and raises a claim for a central role in future. It is a revision of a current position...

Abstract In this paper, we develop a novel methodology for estimation of risk capital allocation. The methodology is rooted in the theory of risk measures. We work within a general, but tractable class of law-invariant coherent risk measures, with a particular focus on expected shortfall. We...

Decentral production control plays a crucial role within the paradigm of Industry 4.0. Due to the fast and flexible decisions on allocation and sequencing required by this type of control, there is no baseline production schedule in advance. This creates a dilemma for efficient staff deployment...

With the application of in-house logistics automated guided vehicle (AGV) systems for transportation three different control problems arise: task assignment, empty vehicle balancing and routing. With an increasing fleet size and especially when considering requirements like flexibility and...