Acyclic phase-type distributions form a versatile model, serving as approximations to many probability distributions in various circumstances. They exhibit special properties and characteristics that usually make their applications attractive. Compared to acyclic continuous phase-type (ACPH)...

Most current maintenance programs focus on achieving the main goals of maintenance operations: increasing mean time between failures, reducing time to repair and minimizing costs. Some researchers have focused on optimizing these variables. Detailed analyses have been conducted in the fields of...

This study assesses the fire safety risks associated with compressed natural gas (CNG) vehicle systems, comprising primarily a typical school bus and supporting fuel infrastructure. The study determines the sensitivity of the results to variations in component failure rates and consequences of...

Acyclic phase-type distributions form a versatile model, serving as approximations to many probability distributions in various circumstances. They exhibit special properties and characteristics that usually make their applications attractive. Compared to acyclic continuous phase-type (ACPH)...

The objective of this paper is to develop a conceptual framework for applying yield management in manufacturing. We demonstrate the existence of close links between airline and manufacturing industries as far as some decision support problems are concerned. The yield management (YM), introduced...