Editor's note: As the following article is a chapter (Chapter 8) from David Koenig's book, Practical Control Engineering: Guide for Engineers, Managers, and Practitioners (MATLAB Examples) (McGraw ...

What could a plant manager from a process manufacturer that makes yarns and fabrics for industrial applications possibly learn from an automaker such as Toyota? Conventional wisdom says companies ...

We consider a discrete-time risk process driven by proportional reinsurance and an interest rate process. We assume that the interest rate process behaves as a Markov chain. To reduce the risk of ruin ...

Intelligent instruments, along with digital networking technology optimized for typical machine applications, are bringing front-line features to discrete manufacturing applications. A Murrelektronik ...