Business Process Management (BPM) has become a widely adopted management approach, prompting significant investments by private and public companies since 2000. Since neither the concept of BPM nor the factors leading to successful BPM initiatives are grounded in theory and also lack empirical support, Tahvo Hyötyläinen explores what business value BPM and BPM Systems can cause and how the…
Now in its fifth edition, this book offers a detailed yet concise introduction to the growing field of statistical applications in finance. The reader will learn the basic methods for evaluating option contracts, analyzing financial time series, selecting portfolios and managing risks based on realistic assumptions about market behavior. The focus is both on the fundamentals of mathematical fin…
This book covers recent research and trends in Manufacturing Engineering. The chapters emphasize different aspects of the transformation from materials to products. It provides the reader with fundamental materials treatments and the integration of processes. Concepts such as green and lean manufacturing are also covered in this book.
This book describes for the first time a simulation method for the fast calculation of contact properties and friction between rough surfaces in a complete form. In contrast to existing simulation methods, the method of dimensionality reduction (MDR) is based on the exact mapping of various types of three-dimensional contact problems onto contacts of one-dimensional foundations. Within the conf…
This book reports the elements required for implementing Just in Time (JIT) technique in companies. The main reasons for low implementation processes and the main benefits from the successful implementation of them are highlighted in this book. Structural equation models are presented to help identify the essential elements in JIT.
This book treats several subjects from the History of Mechanism and Machine Science, and also contains an illustrative presentation of the Museum of Engines and Mechanisms of the University of Palermo, Italy, which houses a collection of various pieces of machinery from the last 150 years. The various sections deal with some eminent scientists of the past, with the history of industrial inst…
The book gives an overview of environmental friendly gaseous and vapour, refrigerated compressed gas, solid lubricant, mist lubrication, minimum quantity lubrication (MQL) and vegetable oils that can be used as lubricants and additives in industrial machining applications. This book introduces vegetable oils as viable and good alternative resources because of their environmental friendly, non-t…
This monograph provides a methodological approach for establishing demand-oriented levels of energy transparency of factories. The author presents a systematic indication of energy drivers and cost factors, taking into account the interdependencies between facility and production domains. Particular attention is given to energy flow metering and monitoring. Readers will also be provided with an…
This book presents the state-of-the-art in quality and reliability engineering from a product life-cycle standpoint. Topics in reliability include reliability models, life data analysis and modeling, design for reliability as well as accelerated life testing and reliability growth analysis, while topics in quality include design for quality, acceptance sampling and supplier selection, statistic…
This proceeding represents state-of-the-art trends and developments in the emerging field of engineering asset management as presented at the Eight World Congress on Engineering Asset Management (WCEAM). The Proceedings of the WCEAM 2013 is an excellent reference for practitioners, researchers and students in the multidisciplinary field of asset management, covering topics such as: Asset con…