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This report examines the economics of digital twins in the manufacturing industry, including the costs, benefits, and economic decision to invest in the adoption of a digital twin. It characterizes the costs and benefits along with the circumstances under
This report builds upon NIST AMS 100-48 (Thomas 2022), which examined the economics of increased circularity in the economy, focusing on the processes, forces, and decision making that result in an unsustainable economy. This report further discusses the
This report provides a statistical review of the U.S. manufacturing industry. There are three aspects of U.S. manufacturing that are considered: (1) how the U.S. industry compares to other countries, (2) the trends in the domestic industry, and (3) the
This report serves as a guide to the Smart Investment Tool and Smart Investment Tool Express (SITExpress). These tools aid a user in conducting an investment analysis with a focus on those in the manufacturing industry; however, the methods can be used for
Metal Additive Manufacturing (MAM) is a transformative technology with the potential to revolutionize manufacturing through the production of complex, high-value components with unprecedented design freedom. However, the adoption of MAM is challenging due
This report provides a statistical review of the U.S. manufacturing industry. There are three aspects of U.S. manufacturing that are considered: (1) how the U.S. industry compares to other countries, (2) the trends in the domestic industry, and (3) the
This report estimates biomanufacturing (manufactured products made of biomaterials) and advanced biomanufacturing (products manufactured using activities that grow biological molecules and materials along with activities that alter biological material
Approximately 75 % of U.S. firms experience a major supply chain disruption annually and the causes of many of these disruptions are not well understood. One potential source of disruption is power outages, which can disrupt production for firms without
Manufacturers and manufacturing research organizations make investments to advance efficiency and competitiveness. Understanding the return for previously made investments can guide both manufacturers and researchers in identifying future investments with
Currently, global economies are using resources and contaminating resources faster than they can be regenerated. This resource depletion strains the economy and society today and into the future and is largely due to a series of misaligned incentives
This report provides a statistical review of the U.S. manufacturing industry. There are three aspects of U.S. manufacturing that are considered: (1) how the U.S. industry compares to other countries, (2) the trends in the domestic industry, and (3) the
Risk management is an important topic in any domain. With the growing acceptance and adoption of Industrial Artificial Intelligence (IAI), both the academic and industrial communities are beginning to take a more serious look at the risks and rewards of
Power outages in the U.S. affect many firms' economic activity and are likely to result in downstream supply chain disruptions. This paper examines the impact of power disturbances in the supply chain for four industries: manufacturing, durable goods
This study examined the effect of natural hazards on manufacturing industry value added and the sensitivity of the results from changes to spatiotemporal resolution of the data. We measured the negative effects of hazards, rather than the net effect. Three
This report provides a statistical review of the U.S. manufacturing industry. There are three aspects of U.S. manufacturing that are considered: (1) how the U.S. industry compares to other countries, (2) the trends in the domestic industry, and (3) the