Page 1
Page 1
System Signatures and their Applications in Engineering Reliability
Provides guidance on how reliability problems might be structured, modeled and solved. Over the past ten years the broad applicability of system signatures has become apparent and the tool’s utility in coherent systems and communications networks firmly established. The book compared actual system lifetimes where the tool has been and has not been used. These comparisons—which have been done over the years—demonstrate the practical, feasible and fruitful use of the tool in building reliable systems. Finally, new results and future directions for system signatures are also explored.
Revenue Management and Survival Analysis in the Automobile Industry
André Jerenz develops a price-based revenue management framework to support retailers in establishing better and more profitable pricing strategies, including assigning an initial asking price and the adjustment of price over time. For the profit maximization problem of a used car retailer, the author derives different algorithms for determining optimal strategies by applying stochastic control theory. Within the scope of the demand forecasting component, he proposes the adoption of survival analysis for estimating individual price response functions, modeled by parametric and semi-parametric survival functions. Thus, the effects of variables such as the asking price are taken into account. The evaluation of data from a case study in the German used car market reveals a significant potential for an increase in profitability and confirms the proposed price-based revenue management concept.
