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This paper presents a comprehensive overview of model validation practices and advancement in the banking industry based on the experience of managing Model Risk Management (MRM) since the inception of regulatory guidance SR11-7/OCC11-12…
Multi-Agent Systems (MAS) are notoriously complex and hard to verify. In fact, it is not trivial to model a MAS, and even when a model is built, it is not always possible to verify, in a formal way, that it is actually behaving as we…
Today's process modeling languages often force the analyst or modeler to straightjacket real-life processes into simplistic or incomplete models that fail to capture the essential features of the domain under study. Conventional business…
An important factor in guaranteeing the quality of a system is developing a conceptual model that reflects the knowledge about its domain as well as knowledge about the functions it has to perform. In software engineering, conceptual…
We consider a financial intermediary managing assets and liabilities exposed to several risk sources and seeking an optimal portfolio strategy to minimise the initial capital invested and the total risk associated with investment losses and…
Designing reliable integrated energy systems for industrial processes requires optimization and verification models across multiple fidelities, from architecture-level sizing to high-fidelity dynamic operation. However, model mismatch…
The development of Machine Learning (ML) based systems is complex and requires multidisciplinary teams with diverse skill sets. This may lead to communication issues or misapplication of best practices. Process models can alleviate these…
Existing disaggregated databases separate execution and storage layers, enabling independent and elastic scaling of resources. In most cases, this design makes transaction concurrency control (CC) a critical bottleneck, which demands…
Assessing and improving the quality of data are fundamental challenges for data-intensive systems that have given rise to applications targeting transformation and cleaning of data. However, while schema design, data cleaning, and data…
Contemporary tasks of complex system simulation are often related to the issue of uncertainty management. It comes from the lack of information or knowledge about the simulated system as well as from restrictions of the model set being…
A recent case study from AWS by Chong et al. proposes an effective methodology for Bounded Model Checking in industry. In this paper, we report on a follow up case study that explores the methodology from the perspective of three research…
This paper focuses on a Vision-based Landing task and presents the design and the validation of a dataset that would comply with the Operational Design Domain (ODD) of a Machine-Learning (ML) system. Relying on emerging certification…
Demand for enterprise data warehouse solutions to support real-time Online Transaction Processing (OLTP) queries as well as long-running Online Analytical Processing (OLAP) workloads is growing. Greenplum database is traditionally known as…
The use of object oriented techniques and methodologies for the design of real-time control systems appear to be necessary in order to deal with the increasing complexity of such systems. Recently many object-oriented methods have been used…
Shapes Constraint Language (SHACL) is a powerful language for validating RDF data. Given the recent industry attention to Knowledge Graphs (KGs), more users need to validate linked data properly. However, traditional SHACL validation…
Empirical and LLM-based research in model-driven engineering increasingly relies on datasets of software models, for instance, to train or evaluate machine learning techniques for modeling support. These datasets have a significant impact…
We investigate the capabilities and scalability of Large Language Models (LLMs) in optimization modeling, a domain requiring structured reasoning and precise formulation. To this end, we introduce OPT-ENGINE, an extensible benchmark…
This paper comprises a SysML-based approach to support the model-driven engineering (MDE) of Manufacturing Automation Software Projects (MASP). The Systems Modeling Language (SysML) is adapted to define the SysML-AT (SysML for automation),…
Performing dependability evaluation along with other analyses at architectural level allows both making architectural tradeoffs and predicting the effects of architectural decisions on the dependability of an application. This paper gives…
Variability management of process models is a major challenge for Process-Aware Information Systems. Process model variants can be attributed to any of the following reasons: new technologies, governmental rules, organizational context or…