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...