Product design teams often aim to streamline product structures by standardising products' components and their features in order to reduce operations cost and improve productivity. We examine the notion of standardisation of components in product design by formulating a component selection...

This paper contains an analytical formulation for performance measurement of an unreliable production-storage operation where production and demand rates for a single item are subject to random fluctuations in the operating environment. These fluctuations are represented as transitions among the...

The competitiveness of the global market and availability of multiple outsourcing options have greatly increased the complexity of making 'good' outsourcing decisions. Improving the decision-making process when faced with a complex decision situation requires a systematic decision-making...