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Operations Research, Systems Engineering and Industrial Engineering Commons™
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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
Component Maintenance Strategies And Risk Analysis For Random Shock Effects Considering Maintenance Costs, Chao Zhang, Yadong Zhang, Hongyan Dui, Shaoping Wang, Mileta Tomovic
Component Maintenance Strategies And Risk Analysis For Random Shock Effects Considering Maintenance Costs, Chao Zhang, Yadong Zhang, Hongyan Dui, Shaoping Wang, Mileta Tomovic
Engineering Technology Faculty Publications
Maintenance can improve a system’s reliability in a long operation period or when a component has failed. The reliability modeling method that uses the stochastic process degradation model to describe the system degradation process has been widely used. However, the existing reliability models established using stochastic processes only consider the internal degradation process, and do not fully consider the impact of external random shocks on their reliability modeling. Furthermore, the existing theory of importance does not consider the actual factors of maintenance cost. In this paper, based on the reliability modeling of random processes, the degradation rate under the influence …
Measuring Agility Of Organizations - A Comprehensive Agility Measurement Tool (Camt), Ameya S. Erande, Alok K. Verma
Measuring Agility Of Organizations - A Comprehensive Agility Measurement Tool (Camt), Ameya S. Erande, Alok K. Verma
Engineering Technology Faculty Publications
Since "Agility" is ability to respond to unpredictable changes with quick response and profitability, it is not industry specific. This "not industry specific" nature of agility makes it hard to assess and measure it on a fixed scale. Measurement of agility of an enterprise has been a major topic of research since inception of agility in 1991. Though some methods have been developed to measure agility, they mainly remain tied to manufacturing industry. As agility is present in all the industries, comprehensive tool to measure it is a necessity in order to determine responsiveness of an enterprise to external turbulences. …