This article discusses the question of whether significance tests on simulation results are meaningful at all. It is also argued that it is the effect size much more than the existence of the effect is what matters. It is the description of the distribution function of the stochastic process...

The present research work proposes a mathematical model of thermal power plant to analyse its performance through reliability measures. Evaluation of reliability measure for thermal power plant is a complex process. The thermal power plant is modelled using Markov process and explored the...

This article describes how simplifying production-planning approaches for demand responsiveness has been well recognized as an operative means of accomplishing production efficiency. To support an effective decision making in manufacturing environments, this study will focus on adopting time...

The need of faster life has caused the exponential growth in No. of vehicles on streets. The adverse effects include frequent traffic congestion, less time efficiency, unnecessary fuel consumption, pollution, accidents, etc. One of most important solution for resolving these problems is...