A 'stochastic' process is a 'random' or 'conjectural' process, and this book is concerned with applied probability and statistics. Whilst maintaining the mathematical rigour this subject requires, it addresses topics of interest to engineers, such as problems in modelling, control, reliability maintenance, data analysis and engineering involvement with insurance.This book deals with the tools and techniques used in the stochastic process – estimation, optimisation and recursive logarithms ...

Traditional logistical chains have enabled us to respond efficiently to the needs of customers in terms of services and products. However, the returns, rejects and by-products of these activities have been eliminated or ignored. Reverse logistics aims at valuing these products using a value creation network integrating recovery, processing, recycling, distribution or clean removal processes. In the context of sustainable development, integrating economic, social and environmental factors, ...

Replacement Models with Minimal Repair is a collection of works by several well-known specialists on the subject of minimal repair in replacement policies. It gives an exhaustive list of minimal repair models for the effective planning of minimal repair and maintenance actions.Written in an engaging style, Replacement Models with Minimal Repair balances complex mathematical models with practical applications. It is divided into six parts that cover:m...