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This book gathers a selection of peer-reviewed research papers presented at the joint IV ASOCIO/XIX IISE Region 16 Conference held in Chia and Bogota, Colombia. The conference was organized by the Universidad de La Sabana’s Research Group on Logistics Systems, in partnership with Chapters #782 (Universidad de La Sabana), #712 (Universidad Sergio Arboleda) and #988 (Universidad de Los Andes) of the Institute of Industrial and Systems Engineers (IISE). The main emphasis of the book is on modelling and solving business-related problems in operations research, and on applying descriptive, predictive and prescriptive analytics and the management sciences to actual decision-making in organizations. Both theoretical developments and algorithm implementation are presented. A special focus is given to business problems arising in emerging economies, particularly in Latin America and the Caribbean. This book is addressed to academics, practitioners, postgraduate students and researchers in operations research, analytics and industrial engineering, as well as to undergraduate students for educational purposes. In particular, the book will appeal to the academic and research community in Latin America and the Caribbean, as it presents projects developed and implemented there. Higher education engineering programs will benefit from the findings and insights shared in the fields of industrial engineering, operations research and analytics, applied mathematics, and computer science and engineering.
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Circular economy represents a fundamental alternative to the currently predominating linear economy model, while Industry 4.0 is a technological enabler to bring process innovation in the industrial domain. New economic models are needed in order to reduce material inputs and waste generation leveraging on ecodesign, recycling and reusing of products, new business models, and new technologies. Internet-of-Things and artificial intelligence can support the circular economy paradigm, through the development of a marketplace for connecting buyers and sellers of manufacturing services, raw materials and products toward building global supply chains. The core component of this marketplace is a novel, agent-based, brokering module that will apply both syntactic and semantic matching in terms of manufacturing capabilities, in order to find the best possible supplier to fulfill a request for a service, raw materials or products involved in the supply chain.
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The Local Government Researchers' Forum is a biennial forum for local government researchers and practitioners to present current research in the sector and discuss the implications for policy and practice. The format includes streamed sessions, panel discussions and a concluding debate.
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