Magnus Löfstrand, born 1974, is Professor of Mechanical Engineering at Örebro University. After earning his PhD in 2007, Löfstrand was a researcher in Computer Aided Design at Luleå University of Technology until June 2013, mostly involved in research projects combining mechanical engineering and various IT solutions. This background led to his employment at Uppsala University, Uppsala data base laboratory until June 2015, at which time he was employed at Umeå University, Department of Computing Science, Logic and Applications. He left Umeå University when recruited to Örebro University. Löfstrand has a background in product and production development for various types of value-added products. His research is mostly focused on approaches to support and improve industrial system availability and cost. Approaches include simulation of industrial system availability and using data analytics, to support industrial development of availability based industrial business offers, mainly in the process and production industry. In terms of the design process, the research facilitates improved concept generation and concept evaluation, and enables improving the basis for industrial decision-making.