Special session on industrial mathematics

The special session is organized by Andreas Schröder (Salzburg) and Ronny Ramlau (Linz). It will take place on Thursday, September 14, 2017 at 10:15 in HS 426.

The speakers are:

The program looks as follows:

Lecture 1, 10:15-11:15:

Volker Mehrmann (TU Berlin): A new era of industrial and applied mathematics: the digital twin

Abstract: The future technological and economical development is characterized by a continuously growing complexity of modern products/processes and ever shorter innovation cycles. Product life cycle amangement, the optimization of design and functionality of a product, the real time control of industrial processes, the prediction of failure, or the analysis of risks, are central questions in industrial development. The sustainable way to address these challenges can only be achieved via a holistic mathematical modeling, simulation, and optimization approach and the efficient integration of the increasingly available large amounts of real data. Every real product/process will be accompanied with a virtual product/process that acts as a \emph{digital twin} during the whole life cycle. We will discuss the implications of this development for the research in mathematics and illustrate it with several real world applications.

Lecture 2, 11:15-12:15:

Andreas Binder (MathConsult GmbH, Linz): Hot Business

Abstract: MathConsult has been working on mathematical software solutions for the producing industries and for finance for the last 20 years. Mathematical modelling, numerical simulation and optimisation play an important role in the typical industrial math project. We present two case studies, one from steel industry, one from regulation of financial industries.

  • When producing heavy plates, e.g., for the use in gas pipelines, by hot rolling, a tight control of the temperature history is essential for producing high strength steel qualities that can withstand lower temperatures or higher pressures than conventional pipes.
  • With the European regulation on packaged retail and insurance-based investment products (PRIPs) becoming effective with 2018, financial instruments must be equipped with a key information document containing quantitative information on the risk and return profile, not only in the mean but also for extreme stress cases.

Everybody is welcome to joint! In particular those interested also in Sections 10, 11, 12 and 16 which all do not collide.