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2024 | OriginalPaper | Chapter

Industry 4.0 in the Automotive Sector: Development of a Decision Support Tool for Car Dealerships Using Simulation

Authors : R. Bessa, L. P. Ferreira, Nuno O. Fernandes, P. Ávila, A. L. Ramos

Published in: Flexible Automation and Intelligent Manufacturing: Establishing Bridges for More Sustainable Manufacturing Systems

Publisher: Springer Nature Switzerland

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Abstract

The chapter delves into the integration of Industry 4.0 technologies, particularly simulation and system dynamics, to create a decision support tool for car dealerships. It discusses the fundamental concepts of system dynamics and its application in the automotive industry, focusing on the development of a model that forecasts and analyzes car sales based on various consumer behaviors and commercial strategies. The model, validated with real sales data, demonstrates a reliable performance, offering insights into how dealerships can enhance their profitability and decision-making processes. The chapter concludes with a reflection on the model's effectiveness and suggests future research directions, including the potential for mathematical formulations and alternative sales prediction methods.

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Title: Industry 4.0 in the Automotive Sector: Development of a Decision Support Tool for Car Dealerships Using Simulation
Authors: R. Bessa
L. P. Ferreira
Nuno O. Fernandes
P. Ávila
A. L. Ramos
Publisher: Springer Nature Switzerland
Book: Flexible Automation and Intelligent Manufacturing: Establishing Bridges for More Sustainable Manufacturing Systems
Print ISBN: 978-3-031-38164-5

Electronic ISBN: 978-3-031-38165-2

Copyright Year: 2024
DOI: https://doi.org/10.1007/978-3-031-38165-2_63