Innovation In Production Research Articles

Optimal strategies for innovation and market allocation in joint production

Capacity sharing is an important way for relevant enterprises to save production materials. This paper constructs a capacity sharing decision-making model that considers market competition intensity, and introduces the independent market size of participating entities into the model design. This paper explores the impact mechanism of factors such as market competition intensity, independent market size of participating entities, and innovation cost coefficient on system decision-making. Research has found that the increase in independent market size has a consistent impact on the innovation and pricing decisions of enterprises sharing production capacity. Although the increase in independent market size enhances the sharing ability of production line innovation costs, it may not necessarily alleviate the problem of excessive competition among participating entities in overlapping markets. It is also necessary to specifically consider the impact of market competition intensity. The specific research conclusions provide decision-making basis for enterprises to participate in the process of capacity sharing, and also provide theoretical basis for relevant government departments to intervene in the process of capacity sharing.

The Innovative Element in the Genre of Opera or the Modernity of Artistic Expression in the Contemporary Lyric Theater

This paper examines the evolutionary process of moving from traditional styles to pioneering directions in the opera genre. This phenomenon expressed itself in a mixture of styles and forms of language, in the integration of different types of artistic means of expression. Another issue would be related to the nature of the lyrical tradition, its need for preservation and continuity, and the extent to which innovation is tolerated in opera to ensure that artistic works do not cross genre boundaries. It is a new phenomenon for contemporary actors and audiences, the one present in the theater today. By examining the evolution of the art of opera, it was possible to identify the general pattern of development of innovative opera and to argue that artistic integration is the source of diversity on stage and the basis of innovation in opera production. For this purpose, a cultural-historical and historical-artistic approach was used. The academic novelty of the study consists, first of all, in the complex analysis of the sources related to the translation of meta-language in lyrical art, and secondly, the incorporation of these sources in the academic circulation as important and significant for the recognition of the reform of the opera genre. Keywords: opera performance, opera direction, traditions, innovations, synthesis of arts, meanings.

DIGITALIZATION AND THE “TOO BIG TO FAIL” DILEMMA: MECHANISMS AND ASYMMETRIC EFFECTS OF BANKS’ FINTECH INNOVATION ON TOTAL FACTOR PRODUCTIVITY

Fintech is driving the revolution of finance and profoundly affecting the development of the financial sector. However, few studies examined how commercial banks’ fintech innovation affects total factor productivity (TFP). To build up the fintech index of commercial banks, we use web crawler technology to accumulate news related to the fintech innovation of commercial banks in Baidu news. We use the panel data of 72 banks in China from 2010 to 2020 to explore the impacts and mechanisms of fintech on commercial banks’ TFP. The results show that fintech innovation effectively improves TFP after a series of robustness tests. Further, we find that fintech innovation can improve commercial banks’ TFP by promoting innovations of financial products, increasing risk control capability, reducing cost, and improving profit. Also, the utility of fintech is more significant in banks with more assets, facilities, and human capital, which means that fintech innovation creates a “bigger is better” mindset. Meanwhile, the result of quantile regression shows that the higher the fintech innovation, the more significant the increase in TFP, which further reveals that there is ‘too big to fail’ among commercial banks under digitalization.

SHIVARAPATNA STONE CRAFT IN KARNATAKA - EXPLORING THE TRANSFORMATIVE ROLE OF INNOVATION IN TRADITIONAL HANDICRAFT AND CULTURAL IDENTITY

Handicraft sector is one of the most sustainable product sectors, because of the consumption of untreated raw materials received unswervingly from the nature. In many developing countries like India, there are a large number of livelihoods depending on handicraft business with an anticipated 17.79 million artisans associated with the sector in the year 2022. The previous studies indicate the relation between the handicrafts and innovation is both controversial and imperative. It is suggested that the sector must undergo incremental innovation for growth and survival in the present times. On contrary there are studies which dispute, considering cultural traditions as barriers to innovation. Innovation may be introduced in the technologies aiding to create the craft. While bringing innovation within the craft techniques and product creation might hinder its cultural identity. Innovation being one of the prime keyword of the 9th goal of the SDGs, the goal of this research is to study how introducing innovation in cultural craft production affects the identity of the traditional handicraft. For the findings, rapid ethnography was performed for the exquisite Shivarapatna stone craft. The craft uses ancient knowledge of Shilpashashtra to hand-craft the intricate Hindu idol statues from granite, and the associated community and the craftsmen are situated in the Kolar district of Karnataka, India. An experiment will be conducted to diversify the stone made craft products to analyse the outcome. The representational difference of the traditional craft products and the innovative craft products are then compared and presented with images. In addition to the comparative analysis, methodology also focuses on the descriptive approach in the handicraft.

Marketing innovation for sustainability: Review, trends, and way forward

AbstractSustainable development goals are aligning marketing innovations to meet sustainability interventions. Recently, marketing has evolved to incorporate sustainability in outreach objectives. Heightened literature on the interplay between sustainability, innovations, and marketing demands a holistic understanding to guide future research direction. The current review bridges the research gap using quantitative performance analysis and qualitative intellectual structure analysis. The thematic and content analysis points towards permeating sustainability focus across the business verticals and value chain for differentiated brand positioning and sustainability‐based competitive advantage. The emergent conceptual framework underpins the moderated‐mediation role of sustainability and economic enablers with marketing initiatives to promote business innovations beneficial to all stakeholders. The sustainability‐aligned innovations in products and processes reflect in gaining cost advantage, revenue generation, access to newer markets, and differentiation. It can be inferred from the study that sustainability and conducive marketing strategies can co‐create value across the value chain, providing tangible and non‐tangible corporate payoffs. This cross‐section in the research domain calls for environmental and business focus at the micro and macro levels, supported by pro‐business strategies, system efficiencies, productivity, and technological changes in synergy with the societal landscape. The findings discern strategic directions for practitioners to chart out an organizational portfolio centered around marketing innovations to create business value for the shareholders and sustainability value for the stakeholders, ecosystem, and society. The conceptual framework can help academicians comprehend the business model around sustainability, innovations, and marketing. The evolutionary mapping of the research domain can be used to discern corporate or macro‐level policies and transcend reforms aligned to the dynamic market/stakeholder expectations.

Managing Innovation From an S-D Logic Perspective

Innovation has traditionally been studied under a goods-dominant (G-D) logic perspective, focusing on product designs and innovations in production, manufacturing, and traditional value chain functions. However, with the development of information technologies and the increasingly competitive business service environment, a services-dominant (S-D) logic has emerged, emphasizing relational interactions among network stakeholders (e.g. partners, suppliers, and customers). Using a services-dominant (S-D) logic perspective coupled with a resource-based perspective, this study examines how resources and capabilities influence innovative strategy, leading to enhanced innovative performance. Employing 200 valid survey data using questionnaires from firms located in Vietnam, this study confirms that basic operant resources and dynamic capabilities significantly affect firms’ innovation performance either directly or indirectly through a mediation effect of S-D logic orientation.

Biotechnological Approach of Technological Advancements for Sustainable Probiotic Bread Production

The pursuit of probiotic-enriched bread, driven by the dual objectives of enhancing nutritional value and promoting health while ensuring sustainability, has spurred significant research and technological advancements. However, a persistent challenge lies in preserving the viability of microorganisms throughout the rigorous processes of production, storage, and exposure to the stomach’s acidic environment. This study investigates biotechnological innovations for sustainable probiotic bread production, conducting a thorough review of probiotic encapsulation methods and analyzing prior research on the viability of encapsulated probiotics in bread across different baking conditions and storage periods. Encapsulation emerges as a promising strategy, involving the protection of microorganisms with specialized layers, notably multilayered alginate-chitosan coatings, to shield them from degradation. Studies suggest that encapsulated probiotics, particularly the L. casei 431 strain within smaller-sized products subjected to shorter baking times, exhibit minimal viability reduction. Moreover, incorporating microcapsules into the dough, rather than post-baking surface application, further mitigates bacterial losses during storage. Despite these advancements, further investigations are necessary to identify strains resilient to processing, storage, and consumption while prioritizing sensory attributes to meet consumer preferences. Ultimately, research in probiotic bread production aims for a sustainable approach, placing significant emphasis on health considerations and disease prevention. Implementing encapsulation technology aligns with consumer demands for healthy, environmentally friendly products, highlighting the urgent need for innovation in this field with a focus on sustainability.

Agroecological innovation to scale livestock agriculture for positive economic, environmental, and social outcomes

Livestock agriculture must change to meet demand for food production while building soil, reducing flooding, retaining nutrients, enhancing biodiversity, and supporting thriving communities. Technological innovations, including those in digital and precision agriculture, are unlikely by themselves to create the magnitude and directionality of transformation of livestock production systems that are needed. We begin by comparing technological, ecological and social innovations in feedlot-finished and pasture-finished cattle production and propose that what is required is a more integrative ‘agroecological innovation’ process that intentionally weaves these three forms of innovation to transition livestock agriculture to be genuinely regenerative and multifunctional. This integrated system emphasizes social innovations as essential components of the innovation system because of their capacity to address and influence the social context into which technological and ecological innovations occur. In particular, regional place-making can be especially useful as an interactive process of designing regional identities as people engage with one another and their environments to define landscape futures and the related social standards that normalize particular land management practices. Intentionally developing innovations can help communities engage in relational place-making processes to define desired outcomes for agricultural landscapes and develop ways to collaborate towards achieving them, including the creation of novel supply chains that support regenerative livestock systems. As social norms evolve through place-making they influence individual behaviors and agricultural practices on the ground and offer a pathway for more rapid scaling of regenerative practices in livestock agriculture. Regional place-making also can influence the ‘meta’ context of agricultural systems by engaging with public and private institutions responsible for management of natural resources, food systems, and the public good, further accelerating the scaling process. Emerging agroecological innovation systems for livestock agriculture must be designed and governed in ways that ensure responsible and diverse outcomes compatible with their social and ecological contexts, and with management approaches and technologies consistent with the values and goals of communities in a region.

Overcoming the challenges encountered in CAR-T therapy: latest updates from the 2023 ASH annual conference.

Chimeric antigen receptor (CAR) -T cell therapy has entered the breakthrough era, characterized by a blend of therapeutic opportunities and challenges. With the integration of genome-editing technology, CAR-T cells will be empowered to become super warriors in eradicating tumor cells and attacking various tumors, including T-cell malignancies and acute myeloid leukemia. Notably, the optimization of CAR-T cells, including efficacy, safety, and manufacturing speed, coupled with other therapeutic strategies such as radiotherapy, hematopoietic stem cell transplantation, small-molecule inhibitors, and bispecific antibodies, could revolutionize the therapeutic landscape of tumors. Consequently, next-generation cellular immunotherapy, including universal CAR-NK cells and synergistic combination approaches, are anticipated to significantly impact cancer treatment in the coming decade. Nevertheless, the failure rates of CAR-T therapy continue to be significant. The challenge lies in determining the optimal combination strategy and identifying reliable and robust biomarkers to effectively select the patients who will derive the greatest benefit from CAR-T therapy. Herein, we highlight recent innovations in CAR-T products, combination strategies and predictive biomarkers of response presented at the 2023 ASH Annual Meeting.

Analysis on the Application of Image Processing in UAV and Autopilot

The purpose of this paper is to analyze the application of image processing in UAV and autopilot. UAV and autonomous driving technology are important development directions in the field of intelligent transportation and agricultural production, and image processing, as one of the core technologies supporting its perception and decision-making, plays a vital role. For UAV, in agricultural plant protection and natural disaster monitoring, the rapid evaluation and identification of farmland growth status and disaster situation can be realized through image processing technology, which provides important support for crop production and rescue work. For the automatic driving system, image processing technology can detect and track the road environment, traffic signs and pedestrians, and improve the driving safety and comfort of vehicles. However, image processing technology also faces some challenges in application, such as complex environmental conditions and real-time requirements. In the future, through the improvement of sensor technology, algorithm optimization and data sharing, the application of image processing technology in UAV and autonomous driving will be continuously improved, bringing more innovation and development opportunities for intelligent transportation and agricultural production.

Pepper transplanting mechanisms and kinematic simulation analysis: A review

Pepper production plays a significant role in the global agricultural economy, yet traditional manual transplanting methods lead to labor intensity challenges, inconsistency, and time constraints. Transplanting mechanisms of pepper transplanters significantly affect the efficiency of the entire transplanting process. This study reviewed the available transplanters used in pepper seedling transplantation, transplanting mechanisms, and the kinematic simulation analysis. Pepper transplanters are categorized into manual, semi-automatic, and fully automatic types. Manual types include handheld and pulling types, while semi-automatic types involve manually seedling feeding with automatic planting such walking-behind, riding, and tractor-drawn models. Fully automatic transplanters synchronize seedling extracting, transfer to the conveyor, and continuous planting into the soil. Picking mechanism utilize pick-up pins, pushing action, and grippers, while planting mechanism is achieved through link-driven, wheel-driven, and rotary gear-driven hoppers. Recent advancements have emphasized 4- and 5-bar pick-up pin-type link-driven hoppers with 1 or 2 degrees of freedom for efficient seedling handling and planting. Kinematic simulation analysis emerges as a crucial tool used by engineers to better understand complex interactions, identify strengths and weaknesses in designs for the evaluation and optimization of mechanisms by modelling forces, motion, and system behavior. The transplanting mechanisms survey, the role of kinematic simulation, and key trends involved, such as increased automation, precision planting, and the integration of sensor technologies, could provide valuable information to farmers and manufacturers for identifying current gaps and improvement areas for enhancing innovation in pepper production.

The Role of Sharia Pawnshop in Supporting The Growth of The Halal Industry: Opportunities and Challenges

This research discusses the role of sharia pawnshops in supporting the strength of the Islamic financial ecosystem through the halal industry. The halal industry continues to develop rapidly in this era so the role of sharia pawnshop is not overlooked in its development. This research uses a qualitative research method that uses a descriptive analysis approach that uses various sources regarding the Sharia financial ecosystem, halal business, and the function of Sharia pawnshops in facilitating the Islamic financial ecosystem. This research explains that Sharia pawnshop can be a financial solution regarding limited capital and household economics. MSMEs are an indicator of contributing to GDP in countries that are experiencing difficulties with bank loans. Sharia pawnshop can provide capital loans with fairly easy conditions, one of which is the BPKB Ar-rum product. This research found that Sharia pawnshop has carried out a lot of promotion and education to increase public interest in Sharia pawnshop through offering benefits and in-depth understanding. This is proven by innovations in Sharia pawnshop products. Qardhul Hasan, ijarah, musyarakah, ba'i muqayyadah and murabahah-based financing in sharia procurement really supports the development of the halal industry.

Microplastic Sources, Reduction and Remediation: Current State and Future Trends

Plastic waste (PW) and microplastics (MPs) pollution represent one of the main ecological challenges and thus attract society's increasing attention. The exponential growth of plastics' presence and its small (1 μm – 5 mm) particles (MPs) in the environment and inhabiting species is a consequence of linear economy employment. The circular economy has been proposed as the promising route to using plastics more sustainably, and its implementation in the plastic management system is imposed to reduce MPs release. As MPs are emitted in all phases of the plastic life cycle, actions at all levels of the value chain are necessary. Prioritizing the entire plastic value chain also became the goal of more recent plastic pollution regulations, contrary to the previous ones, primarily prohibiting particular plastic items. The microplastic minimization strategy follows an upside-down pyramid, beginning with prevention, then reducing, reusing, recycling, recovering, and finally disposal, which is the least desired alternative. New technologies development for synthetic polymer production and remediation technologies innovations are another key component of the circular economy model. This study outlines microplastics' primary and secondary sources, summarizes the current methods for MPs elimination from different media along with their benefits and drawbacks, and highlights the importance of circular economy principles employment to minimize the MPs' pollution and their possible environmental repercussions.

EKSPLORASI TEORI DISRUPSI DIGITAL CLAYTON CHRISTENSEN DAN MAQASHID SYARIAH TERHADAP INOVASI PERBANKAN SYARIAH DI ERA DIGITAL

This research holistically explains the innovation of Islamic banking in the digital era, where, in the last decade, the digital revolution has changed the way financial institutions operate, triggering challenges and opportunities for Islamic banking. Through in-depth desk research with qualitative research based on analytical descriptive analysis to highlight the complex challenges and innovations faced by Islamic banking accompanied by Clayton Christensen's Digital Disruption theoretical framework and Maqashid Syariah concept. This research highlights the various challenges Islamic banking faces, ranging from integrating digital technology with Sharia principles to competition with conventional financial institutions, the information gap and the need for competent human resources. On the other hand, innovations in Islamic banking products in the digital era include using technologies such as mobile banking, blockchain, and AI to improve services and operational efficiency and expand access to finance through innovative financing and investment products. Analysis based on Clayton Christensen's Digital Disruption theory reveals how Islamic banking adopts technology to offer more efficient and personalised solutions to customers, while the Maqashid Shariah perspective shows how such innovations fulfil the objectives of Islamic law, such as safeguarding religion, soul, mind, offspring, and property, as well as protecting the environment. Overall, Islamic banking product innovation in the digital era illustrates the synergy between technology and Sharia principles to create a fair, inclusive, sustainable financial ecosystem. By continuously developing solutions that meet the needs of modern society while maintaining the integrity of Sharia values, Islamic banking is at the forefront of providing added value to customers and society while opening up new economic growth opportunities.

Taste, sustainability, and nutrition: Consumers' attitude toward innovations in aquaculture products

Marine aquaculture is one of the solutions to provide sustainable nutritious food. While technological and product development in the marine aquaculture industry is challenging, the industry is also facing consumer skepticism. Therefore, it is crucial to understand consumers' food decisions to deliver the benefits of marine aquaculture on environmental sustainability and human nutrition. This study aims to test how a sheer cognition of innovative or traditional production methods influences the USA consumers' acceptance of marine aquaculture products.In an online experimental study, 186 consumers from the USA evaluated their perceptions of a series of marine aquaculture products that vary in processing levels. Participants were randomly assigned to one of the three conditions: Tradition, Technology, and Control condition. In the Tradition condition, participants were told the products are produced in a traditional way. In contrast, a high-tech production system is emphasized in the Technology condition. In the Control condition, the producer uses a conventional method to farm seafood. The results of a set of general linear models for repeated measures reveal that emphasizing traditional production methods is associated with better perceptions of tastefulness, healthiness, and sustainability. Further analysis of a structural equation model found that the difference between the Tradition versus Technology brand image mainly lies in the perceived sincerity of the producer. The image of a traditional producer contributes to better consumer trust, and it further leads to a higher perceived value of healthiness and sustainability.The results of the study shed light on the strategies to accelerate technological advances and the social acceptance of innovative nutritious food. The research is one of the early attempts in the aquaculture industry to collect consumer feedback on tech/product development. The process can support future tech/product research projects by enhancing the societal embeddedness of marine aquaculture innovation.

Enhancing the Coupling of Real-Virtual Prototypes: A Method for Latency Compensation

Currently, innovations in mechatronic products often occur at the system level, requiring consideration of component interactions throughout the entire development process. In the earlier phases of development, this is accomplished by coupling virtual prototypes such as simulation models. As the development progresses and real prototypes of certain system components become available, real-virtual prototypes (RVPs) are established with the help of network communication. However, network effects—all of which can be interpreted as latencies in simplified terms—distort the system behavior of RVPs. To reduce these distortions, we propose a coupling method for RVPs that compensates for latencies. We present an easily applicable approach by introducing a generic coupling algorithm based on error space extrapolation. Furthermore, we enable online learning by transforming coupling algorithms into feedforward neural networks. Additionally, we conduct a frequency domain analysis to assess the impact of coupling faults and algorithms on the system behavior of RVPs and derive a method for optimally designing coupling algorithms. To demonstrate the effectiveness of the coupling method, we apply it to a hybrid vehicle that is productively used as an RVP in the industry. We show that the optimally designed and trained coupling algorithm significantly improves the credibility of the RVP.

Production innovations to enhance sweetpotato as a food security crop in northern Ghana

AbstractSweetpotato (Ipomoea batatas (L) Lam) is prioritized among crops that enhance food security and reduce malnutrition in Ghana. The production is expanding faster than other food crops owing to its superior nutrient composition. This study evaluates integrated approaches to increase on‐farm productivity, income, and utilization of sweetpotato. The first part evaluated the agronomic yield performance, financial return, and sensory quality of 10 varieties under different fertilizer treatments. The second part of activities assessed both storage root and leaf composition (i.e., total sugars, dry matter, protein, Fe, Zn, Ca, total phenolic, total monomeric anthocyanins, lutein, zeaxanthin, α‐tocopherol, β‐carotene, and total carotenoids). Third, storage stability characteristics were assessed (i.e., shelf life and the incidence of decay). Application of NPK of 40:40:70 at 300 kg ha−1 significantly (p < 0.001) increased storage root yield from 12.4 to 17.3 t ha−1, which represents a 32% increase in yield compared to farmers’ standard practice. The variety SARI‐JanLow (where SARI is Savanna Agricultural Research Institute) was outstanding for root yield (23.5 t ha−1) and β‐carotene content (20.8 Mg 100 g−1). SARI‐Tiemeh was consistently ranked among the three most preferred varieties by the sensory panel across the production hubs. At locations Nyankpala and Nikongo, the most responsive varieties to fertilizer application with regard to marketable storage root yield were SARI‐Tiemeh (108%) and PGA14351‐4 (79%), respectively. The varieties SARI‐Nyumengre (1.4%), SARI‐Nyoriberi‐gu (1.4%), and PGA14351‐4 (1.6%) were the least susceptible to sweetpotato weevil attack. Considering the benefit–cost ratio and a return on investments, the four most economically viable varieties appear to be SARI‐JanLow, SARI‐Suyolo, SARI‐Tiemeh, and SARI‐Nyoriberi‐gu.

Just around the Corner: Advances in the Optimization of Yeasts and Filamentous Fungi for Lactic Acid Production.

Lactic acid (LA) production has seen significant progress over the past ten years. LA has seen increased economic importance due to its broadening use in different sectors such as the food, medicine, polymer, cosmetic, and pharmaceutical industries. LA production bioprocesses using microorganisms are economically viable compared to chemical synthesis and can benefit from metabolic engineering for improved productivity, purity, and yield. Strategies to optimize LA productivity in microorganisms on the strain improvement end include modifying metabolic routes, adding gene coding for lactate transporters, inducing tolerance to organic acids, and choosing cheaper carbon sources as fuel. Many of the recent advances in this regard have involved the metabolic engineering of yeasts and filamentous fungi to produce LA due to their versatility in fuel choice and tolerance of industrial-scale culture conditions such as pH and temperature. This review aims to compile and discuss metabolic engineering innovations in LA production in yeasts and filamentous fungi over the 2013-2023 period, and present future directions of research in this area, thus bringing researchers in the field up to date with recent advances.

Determination of linearized pDNA template in mRNA production process using HPLC.

The recent clinical success of messenger RNA (mRNA) technology in managing the Covid pandemic has triggered an unprecedented innovation in production and analytical technologies for this therapeutic modality. mRNA is produced by enzymatic transcription of plasmid DNA (pDNA) using polymerase in a cell-free process of in vitro transcription. After transcription, the pDNA is considered a process-related impurity and is removed from the mRNA product enzymatically, chromatographically, or by precipitation. Regulatory requirements are currently set at 10 ng of template pDNA per single human dose, which typically ranges between 30 and 100 µg. Here, we report the development of a generic procedure based on enzymatic digestion and chromatographic separation for the determination of residual pDNA in mRNA samples, with a limit of quantification of 2.3 ng and a limit of detection of less than 0.1 ng. The procedure is based on enzymatic degradation of mRNA and anion exchange HPLC separation, followed by quantification of residual pDNA with a chromatographic method that is already widely adopted for pDNA quality analytics. The procedure has been successfully applied for in-process monitoring of three model mRNAs and a self-amplifying RNA (saRNA) and can be considered a generic substitution for qPCR in mRNA in-process control analytical strategy, with added benefits that it is more cost-efficient, faster, and sequence agnostic.

Power Systems and Power Electronics using the DEMATEL Method

Energy and research on energy systems places a focus on all facets of electrical energy, as well as innovation in energy production and delivery, alternative resources, and efficient devices. Systems and equipment for converting, providing, and utilising energy as a kind of electricity are the subject of research initiatives. Power electronics are now a more integral part of power systems, enhancing quality and efficiency and fostering the gradual materialization of intelligent, efficient energy. Many different types of power electronics exist in power systems. The architectural study of changing electrical transformed from one medium to another is known as power electronics. Fields such as electronics reprocess or recover more than 80percent of the entire of the electricity produced at a world average rate of 3.4 billion kilowatts per hour each year. Power electronics converters, sometimes referred to as power converters or switching converters, are used to process or convert electrical energy. Electricity comes in two flavours: AC power and DC power. The distribution system is divided into AC distribution systems and DC distribution systems based on the type of power it uses. Power system analysis is an essential part of electrical power system design. Calculations and simulations are performed to verify that the electrical system, including the system components, is properly specified to perform as planned, withstand the expected stress, and be protected from failures. Advantages of Power Electronics: High power density electricity. Improved efficiency up to 99% in energy conversion. Because to its efficiency and dependability, switching power supply are also being used in medical devices with acoustically sensitive applications. Power system reliability, in general, relates to problems like service interruption and power outages. This is frequently described as a goal to try relying on codes specifically relevant to the consumer. SAIFI, SAIDI, and CAIDI are common dependability index values for US applications. DEMATEL (Decision Making Trial and Evaluation Laboratory) They are divided into analysis using the Nonmetal mineral product industry, General equipment manufacturing, Mining and washing of coal, Textile industry, Food manufacturing industry It is the interaction between the factors Visualized and assesses dependent relationships Through the structural model Also deals with identifying important. Power Electronics in Power Systems, Power Electronics in Transportation Systems, Energy Conservation, Heating & Lighting Control and Renewable Energy Integration Power Systems and Power Electronics in Power Electronics in Power Systems is got the first rank whereas is the Energy Conservation is having the Lowest rank. Power Systems and Power Electronics in Power Electronics in Power Systems is got the first rank whereas is the Energy Conservation is having the Lowest rank.