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...

The traditional methods and techniques employed in operational management seem unable to provide solutions that can be actually practiced. This insufficiency is caused by the uncertainties and delays which are faced in practice. The potential causes of these uncertainties are usually internal...

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...