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Power plant operators increasingly rely on predictive models to diagnose and monitor their systems. Data-driven prediction models are generally simple and can have high precision, making them superior to physics-based or knowledge-based models, especially for complex systems like thermal power plants. However, the accuracy of data-driven predictions depends on (1) the quality of the dataset, (2) a suitable selection of sensor signals, and (3) an appropriate selection of the training period. In some instances, redundancies and irrelevant sensors may even reduce the prediction quality.
We investigate ideal configurations for predicting the live steam production of a solid fuel-burning thermal power plant in the pulp and paper industry for different modes of operation. To this end, we benchmark four machine learning algorithms on two feature sets and two training sets to predict steam production. Our results indicate that with the best possible configuration, a coefficient of determination of R^2 = 0.95 and a mean absolute error of MAE=1.2 t/h with an average steam production of 35.1 t/h is reached. On average, using a dynamic dataset for training lowers MAE by 32% compared to a static dataset for training. A feature set based on expert knowledge lowers MAE by an additional 32 %, compared to a simple feature set representing the fuel inputs. We can conclude that based on the static training set and the basic feature set, machine learning algorithms can identify long-term changes. When using a dynamic dataset the performance parameters of thermal power plants are predicted with high accuracy and allow for detecting short-term problems.
The Digital Factory Vorarlberg is the youngest Research Center of Vorarlberg University of Applied Sciences. In the lab of the research center a research and learning factory has been established for educating students and employees of industrial partners. Showcases and best practice scenarios for various topics of digitalization in the manufacturing industry are demonstrated. In addition, novel methods and technologies for digital production, cloud-based manufacturing, data analytics, IT- and OT-security or digital twins are being developed. The factory comprises only a minimum core of logistics and fabrication processes to guarantee manageability within an academic setup. As a product, fidget spinners are being fabricated. A webshop allows customers to individually design their products and directly place orders in the factory. A centralized SCADA-System is the core data hub for the factory. Various data analytic tools and methods and a novel database for IoT-applications are connected to the SCADA-System. As an alternative to on premise manufacturing, orders can be pushed into a cloud-based manufacturing platform, which has been developed at the Digital Factory. A broker system allows fabrication in distributed facilities and offers various optimization services. Concepts, such as outsourcing product configuration to customers or new types of engineering services in cloud-based manufacturing can be explored and demonstrated. In this paper, we present the basic concept of the Digital Factory Vorarlberg, as well as some of the newly developed topics.
A covariance matrix self-adaptation evolution strategy for optimization under linear constraints
(2018)
Purpose – The purpose of this study is to explore the exogenous and endogenous drivers of the high-growth of Unicorn start-ups along their life cycle, with a particular focus on Unicorns in the fintech industry.
Design/methodology/approach – The study employs an explorative longitudinal analysis with a matched pair of two cases of Unicorns start-ups with similar antecedent features to understand holistically drivers over the longer term.
Findings – High-growth patterns over the longer term are the result of a combined industry- and company-life cycle perspective. Drivers and growth patterns vary significantly according to the time of entry in the industry and
its development status. The findings are systematised within a set of propositions to be tested in future research.
Research limitations/implications – The limitations lie in empirical evidence, as the analysis is limited to one matched-pair. The revealed Unicorns’ drivers for long-term growth might encourage future research to further investigate these drivers on a larger scale.
Practical implications – The study offers practical recommendations for start-ups with high-growth ambitions and advice to policy makers regarding the development of tailor-made support programs.
Originality/value – The study significantly extends extant work on growth and high-growth by examining endogenous and exogenous triggers over time and by linking the Unicorn-life cycle to the industry life cycle, an approach which has, to the best of the authors’ knowledge, not yet been applied.