Purpose – The purpose of this paper is to provide a framework for the development of emergency logistics response models. The proposition of a conceptual framework is in itself not sufficient and simulation models are further needed in order to help emergency logistics decision makers in...

In the paper, the problem of uncertain data in reliability analysis of complex systems is examined. The analysis is addressed to system reliability assessment with imprecise knowledge of component reliabilities, an item becoming more and more important for systems affected by considerable...

Maintaining a high level of availability of weapon systems during battles becomes important from the point of view of winning the battle. Due to attrition factors (failure due to battle damage and unreliability) and logistic delays in the repair process, maintaining the required level of...

Purpose – The purpose of this paper is to demonstrate the potential of simulation approach for performance evaluation in a complex environment with a case of application from Indian Nuclear Power Plant. Design/methodology/approach – In this work, stochastic simulation approach is applied to...

Purpose – The purpose of the paper is to show that modern markets are characterized by rapidly changing environments and numerous external forces. Under these conditions, product lifetimes are rapidly reducing. Therefore, products require optimum inspection policies to maintain high quality...

Purpose – In daily life, many products, such as light bulbs, fuses, dry batteries, fireworks, semiconductors, are non‐repairable. The non‐repairable products are usually referred to as one‐shot products, or as failed products that are not worth repairing. A one‐shot product is usually...

Purpose – Availability of military systems is of major concern for military planners at both tactical (battle) level and at strategic level (long‐term national planning). Availability factors critically affect the operational effectiveness during military operations. Military systems are...

Purpose With the current interest in all aspects of supply chain management, the demands on warehousing have changed significantly within the past few years. In an attempt to meet this challenge, warehouses have become more concerned with proper slotting and storage techniques. This paper seeks...

Purpose – This paper seeks to reconsider the Euler equation of the Consumption Capital Asset Pricing Model (CCAPM), to derive a regression‐based model to test it, and to present evidence that the model is consistent with reasonable values for the coefficient of relative risk aversion (CRRA)....

The development of a decision support tool for the single‐period inventory problem is presented. The support tool allows a consideration of the following factors: empirical frequency distributions, theoretical probability distribution functions and managerial probability estimates of total...