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Development and validation of simulation-based stress test for resilience assessment in manufacturing companies

Project description

A stress test for shop floor resilience

Advances in technology and the demand for improved or more extensive production have led to increasingly vast and/or complex manufacturing processes. However, even with current shop floor resilience assessments, predicting the durability and adaptability of these operations remains difficult. Supported by the Marie Skłodowska-Curie Actions programme, the RESISTTE project will develop and validate an innovative, scalable, banking-inspired, simulation-based stress test tool for shop floor resilience assessments under realistic disruption scenarios. This tool will incorporate six disruption effects. It is modelled on stress tests used by European banks. It will also use a large language model (LLM) to predict and collect external-disruption probabilities, which will be validated using the shop floor resilience assessment model.

Objective

The objective of RESISTTE is to develop and validate a scalable banking-inspired simulation-based stress test tool for shop floor resilience assessment under realistic disruption scenarios, considering 6 disruption effects. It will be realized by:
- Creating a generally applicable model for shop floor resilience assessment inspired by the stress test approach for European banks. This includes European Banking Authority stress test methodology analysis and its relevant elements integration with simulation components for basic shop floor and logistics processes, disruption effects dynamics, and recovery actions.
- Training an existing Large Language Model, for predicting the regions- and manufacturing fields-based probability of various types of external disruptions. LLM will be contextualized and feed with a news database. Retrieved next period disruption predictions will be converted into shop floor disruption effects providing input for realistic simulation scenarios.
- Implementing and validating the simulation-based stress test tool prototype that integrates stress scenario prediction application to the shop floor resilience assessment model. This includes the computational simulation of manufacturing processes, disruption effects and recovery actions according to the developed model. The tool will be first tested in laboratory environment and thereafter in industrial settings.
Such simulation-based resilience assessment tool will be efficient tool for manufacturing managers and CEOs for mapping the shortcomings and planning new investments and changes for increasing the shop floor resilience level. In addition, it will enable banks to improve the strength of their loan portfolio by applying the test to the manufacturing sector applicants before their financing decisions, simultaneously widening the range of creditworthiness manufacturing companies.

Fields of science (EuroSciVoc)

Keywords

Programme(s)

Topic(s)

Funding Scheme

HORIZON-TMA-MSCA-PF-EF - HORIZON TMA MSCA Postdoctoral Fellowships - European Fellowships

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Call for proposal

(opens in new window) HORIZON-MSCA-2024-PF-01

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Coordinator

UNIVERSITA TA MALTA
Net EU contribution
€ 256 642,80
Address
TAL OROQQ
MSD 2080 MSIDA
Malta
Region
Malta Malta Malta
Activity type
Higher or Secondary Education Establishments
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Total cost
No data

Partners (1)