
ABSTRACT: Time loss in the manufacturing process of a production line reduces productivity and harms the system’s brand image and long-term performance. The present research focuses on the use of scientific analysis and diagnostic techniques to correct current errors and to anticipate the future behaviour of a system. This paper proposes a stochastic approach, FORCAST-FBM, which is based on a hybridization of three methods: Failure Mode and Effects Analysis (FMEA), Bayesian Networks, and Monte Carlo Simulation. Our objective is to address a crucial issue in industrial production systems—namely, the forecasting of the quantity to be produced within a probable time frame during an upcoming production period. This approach plays a key role in production planning and management development. The proposed solution applies to any system in which production follows a chronological sequence across parallel production facilities, where components move along an automated path with no backward flow.
Industrial production forecasting, Monte Carlo simulation, Bayesian networks, FMEA.
Industrial production forecasting, Monte Carlo simulation, Bayesian networks, FMEA.
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