This paper investigates repetitive purchase decisions of perishable items in the face of uncertain demand (the newsvendor problem). The experimental design includes: high, or low profit levels; and uniform, or normal demand distributions. The results show that in all cases both learning and convergence occur and are effected by: (1) the mean demand; (2) the order-size of the maximal expected profit; and (3) the demand level of the immediately preceding round. In all cases of the experimental design, the purchase order converges to a value between the mean demand and the quantity for maximizing the expected profit.

Collaborative robots (cobots) are important components of the Industry 4.0 paradigm and smart manufacturing. Cobots are known for their ability to interact with the operators in a shared workspace. Due to their spread in the last decade, cobot research proliferated. However, most individual studies focused on specific aspects of cobot deployment, and only scant attention was given to their evaluation (mostly not based on productivity criteria). Thus, better support is needed for cobot acquisition and deployment decisions. This paper answers this need by presenting a summary of the major considerations related to cobots acquisition and deployment, and providing a productivity analysis procedure that supports cobot acquisition and deployment decisions. Defining the cobots’ required characteristics and capabilities, effectively narrows the possible selection of cobots. However, it does not give information as to the economic value of acquiring and deploying a specific cobot. So, in addition to cobots’ characteristics and capabilities, this paper presents computational techniques to analyse and support this decision for a single workstation per se, and for a station in an assembly line. The difference between these two cases is discussed and analysed, and corresponding models are presented with computational examples.

We draw on cognitive and behavioural theories and on the artificial intelligence literature in order to propose a framework of future operator – workstation interaction in the ‘Industry 4.0’ era. We name the proposed framework ‘Operator – Workstation Interaction 4.0’. The latter’s capabilities permit an adaptive, ongoing interaction that aims to improve operator safety, performance, well-being, and satisfaction as well as the factory’s production measures. The framework is composed of three subsystems: (1) the observation subsystem which observes the operator and the processes occurring in the workstation, (2) the analysis subsystem which generates understanding and implications of the observations output, (3) the reaction subsystem which determines if and how to respond. The paper describes these elements and illustrate them using an example of a fatigued worker. The contributions, implications, and limitations of the proposed framework are discussed, and future research directions are presented.