Industry 4.0 (The 4th Industrial Revolution – 4IR) is an emerging ecosystem based on a connection between machines and humans. I4.0 has delivered new production technologies that maximize output while maximizing resource use. An increasing number of companies are reaping the benefits technological advancements. potential to provide sustainable industrial value creation across social, economic, ...

This paper examines the evolution of the literature on the relationship between foreign direct investment (FDI) and growth in host countries, particularly developing countries. It provides a broad overview, with a focus on two elements that have recently become particularly important, (1) the role of complementary local conditions conducive to reaping the benefits of FDI (which relate to when F...

Offshore outsourcing of services has caught the imagination of corporate boardrooms. Several Fortune 100 firms in North America, Northern Europe, and Japan have significant offshore outsourcing initiatives in place, reaping their benefits ahead of their competitors. The rush towards offshore outsourcing has turned into a stampede, fueled by access to lower-cost, high-quality labor, enabled by c...

A control Lyapunov function (CLF) based scheme is proposed for the time-varying nonlinear optimal control problem. This scheme also inherits an extension to a receding horizon scheme, reaping the beneets of available on-line computation. In particular, these time-varying schemes are well suited to the trajectory tracking problem and are tested on a simple two-dimensional example .