Industry 4.0 in the Wine Sector – Development of a Decision Support System Based on Simulation Models

As a pillar of Industry 4.0, simulation embodies an extremely useful tool in the resolution of issues related to decision-making and the choice of strategies. Since these are problems which exist in the wine sector, the purpose of this work was to build a decision support tool based on system dynamics, which would encompass the main factors that influence the price of wine. Its main objective is to assist managers in the definition of the strategies which are best suited to the company’s mission. In order to build this tool, several interviews were conducted with various experts in the industry, thus gaining an insight into the factors which most influence the price of wine, both according to pertinent literature or according to these specialists.