Assuming a first-order auto-regressive model for the auto-correlation structure between observations, in this paper, a transformation method is first employed to eliminate the effect of auto-correlation. Then, a maximum likelihood estimator (MLE) of a step change in the parameters of the...

In most modern manufacturing systems, products are often the output of some multistage processes. In these processes, the stages are dependent on each other, where the output quality of each stage depends also on the output quality of the previous stages. This property is called the cascade...

Purpose: The purpose of this paper is to derive a closed-form expression for the steady-state availability of a cold standby repairable k-out-of-n system. This makes the availability calculation much easier and accurate. Design/methodology/approach: Assuming exponential distributions for system...

A new multi-objective intermodal hub-location-allocation problem is modeled in this paper in which both the origin and the destination hub facilities are modeled as an M/M/m queuing system. The problem is being formulated as a constrained bi-objective optimization model to minimize the total...

Purpose: In this paper, the joint replenishment problem is modeled for a two-level supply chain consisting of a single supplier and multiple retailers that use the vendor-managed inventory (VMI) policy for several products. This paper aims to find the optimal number of products to order in both...

The main objective of this research is to forecast the daily direction of Standard & Poor's 500 (S&P 500) index using an artificial neural network (ANN). In order to select the most influential features (factors) of the proposed ANN that affect the daily direction of S&P 500 (the response),...