This paper reports on the application of the sequential method, presented in a previous paper by Lai et al. in 2001, to determine optimal strategies of when to carry out a preventive maintenance action for an engine and when to replace an engine in use. The sequential method was run with real...

In this study, we employed a geometric process approach to resolve gearbox maintenance problems. The approach is realistic and direct in modelling the characteristics of a deteriorating system such as a gearbox since a decreasing geometric process can model a gearbox’s successive operating...

In this study, a power law process (PLP) for the failures of an engine, regarded as a complex repairable system, in a minimal repair set‐up (i.e. only a small proportion of the constituent parts of the engine are replaced on repair) with the engine regularly replaced within period T or...

Purpose – The purpose of this paper is twofold: to investigate performance of both manufacturer-owned channel and traditional retail channel when the manufacturer encroaches upon the traditional channel in different forms (brick-and-mortar and online form) under different market structures...

Purpose – The purpose of this paper is to numerically analyze the coordinating mechanism of the revenue‐sharing contract in newsvendor products' supply chain. The contract considers stochastic and price‐dependent demand. Design/methodology/approach – The paper presents an analytical...

Purpose – This paper seeks to apply a framework of collaborative planning, forecasting and replenishment (CPFR) to develop a procurement model for agricultural products. Design/methodology/approach – Considering the biological nature, seasonality and perishable characteristics of...