The paper presents safety data for the period 1977--86 from more than 30 U.S. domestic airlines and 80 international flag carriers. These statistics are examined in conjunction with others from an earlier MIT study about the previous two decades. The primary safety measure used is "death risk...

Within the First World, observed differences across air carriers in passenger death risk are almost never statistically significant. But given the rarity of fatal crashes, even a lopsided split of crashes across airlines is unlikely to achieve significance. For greater perspective about relative...

In this paper, we present a novel quantitative analysis for the strategic planning decision problem of allocating certain available prevention and protection resources to, respectively, reduce the failure probabilities of system safety measures and the total expected loss from a sequence of...

This paper studies optimal (s, S) policies for production planning in stochastic manufacturing systems with failures. For our models, we consider a one-machine system which produces one type of product. We consider two cases. The first one considers failure in the production process and the...

This paper studies optimal (s, S) policies for production planning in stochastic manufacturing systems with failures. For our models, we consider a one-machine system which produces one type of product. We consider two cases. The first one considers failure in the production process and the...