The business problem of having inefficient processes, imprecise process analyses and simulations as well as non-transparent artificial neuronal network models can be overcome by an easy-to-use modeling concept. With the aim of developing a flexible and efficient approach to modeling, simulating...

Purpose: Industry 4.0 represents a special challenge for businesses in general and for SMEs in particular. The study at hand will examine companies' awareness, readiness and capability to meet this challenge taking into account the special role of SMEs Design/methodology/approach: The results of...