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System modelling - digital twins, simulation
General desciption of System modelling - digital twins, simulation:
Simulation (often referred to as digital twins) is the imitation of the operation of a real-world process or system. The act of simulating something first requires that a model be developed; this model represents the key characteristics, behaviors and functions of the selected physical or abstract system or process. The model represents the system itself, whereas the simulation represents the operation of the system over time. (from https://en.wikipedia.org/wiki/Simulation)
Comment:
Outcomes of the project creates base for the improvement of the existing design of the water quench and will be used for the development of the new generation of the nozzles.
It is expected that new nozzle design and thus new water quench will be available for the customers in 5 years time. It is expected that those new products will attract new clients: 5 new contracts in 1 year increasing to 10 new contracts in 5 years, which will increase the turnover of Ferram by 500k Euros in 1 year and 3,5 million Euros in 5 years after the experiment end.