The interdependence between multiple lines of business has an important impact on determining loss reserves and risk capital, which are crucial for the solvency of a property and casualty (P&C) insurance company. In this work, we introduce the two-stage inference method using the Sarmanov family...

A key attribute of a remanufacturing strategy is the division of labor in the reverse channel, especially whether remanufacturing is performed in-house or outsourced. We investigate this decision for a retailer who accepts returns of a remanufacturable product. Our formulation considers the cost...

This paper analyses and provides insights into the time buffer size of a capacity constrained resource (CCR) with multiple parallel processes in the context of the Theory of Constraints (TOC). We describe the CCR as a finite multi-server queue, where the appropriate capacity size (including the...