Real-Time Optimization of Maintenance and Production Scheduling for an Industry 4.0-Based Manufacturing System

The adaption of state-of-the-art inventions in information technology and industrial informatics in manufacturing has led to the advent of Industry 4.0, commonly known as the fourth industrial revolution. Industry 4.0 will take manufacturing productivity and quality to new levels and create enormous opportunities for business and revenue growth. Unlike classical manufacturing systems, Industry 4.0-based manufacturing systems are supported by several advanced technologies (known as Industry 4.0 concepts), which include cyber-physical systems (CPS) and internet of things (IoT), among other Industry 4.0 concepts. The adoption of such technology (i.e., Industry 4.0) allows for the delivery of real-time actionable data for smart decision-making. In order to fully realize the potential of such technologies, real-time decision making should be present in all aspects of the manufacturing process. This includes two core components of manufacturing: maintenance and production scheduling.