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15 articles for “Cost-Risk Reduction”
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Research ArticleOpen accessPhrase in the titleA GENETIC ALGORITHM FOR A SIMULTANEOUS OPTIMISATION OF COST-RISK REDUCTION UNDER A JUST-IN-TIME ADAPTIONFaraj El Dabee, Romeo Marian, Yousef AmerJust-In-Time (JIT) as a lean manufacturing approach plays a significant role in minimising costs and performances of products and services supplied to the global marketplace. However, there are many potential risks that cause significant disruptions to all supply chain members. This study proposes a genetic approach for optimising a novel mathematical model for simultaneously minimising the total cost of a … …Journal of Computer Science, Vol. 10, Issue 12 · 26 Dec 2014 · 7,692 accessesView PDFCite
Research ArticleOpen accessPhrase in the titleA NOVEL OPTIMIZATION MODEL FOR SIMULTANEOUS COST-RISK REDUCTION IN MULTI-SUPPLIERS JUST-IN-TIME SYSTEMSFaraj El Dabee, Romeo Marian, Yousef AmerIn today’s competitive global markets, Just-in-Time (JIT) is one of the main lean manufacturing approaches. It is used in organizations to improve performance and reduce costs and as a strategic core capability to ensure their market position. However, using JIT tightly couples various functions of the Supply Chain and increases the risk of propagating disruptions through the entire system. This … …Journal of Computer Science, Vol. 9, Issue 12 · 25 Nov 2013 · 7,610 accessesView PDFCite
Research ArticleOpen accessIn the abstractAI-Integrated Probabilistic Optimization for Inventory Control Under Stochastic DemandJanardan BeheraThe identification and operationalization of increasingly nonstationary and volatile demand patterns challenge the conduct of inventory management in contemporary supply chains. The classical models, especially EOQ and static policies, rest on the stability of demand assumptions, either deterministically or distributionally, and are hence less apt under real-world uncertainty. In view of these limitations, the present study puts forward an integrated … …Journal of Mathematics and Statistics, Vol. 22, Issue 1 · 6 May 2026 · 2,217 accessesView PDFCite
Research ArticleOpen accessIn the abstractOptimized Vehicle Insurance Claim and Settlement Procedures Using IOT Sensors on a Blockchain-Based PlatformPreeti Sharma, Meenakshi Malik, Chander Prabha et al.The conventional vehicle insurance claim and settlement landscape is characterised by significant inefficiencies, including cumbersome claim submissions, arbitrary damage assessments, and susceptibility to fraudulent activities. These problems lead to a longer processing time, higher operational cost to the insurers and a reduction in policyholder satisfaction. To address these important challenges, this study proposes a streamlined vehicle insurance claims system that … …Journal of Computer Science, Vol. 22, Issue 3 · 26 Mar 2026 · 1,628 accessesView PDFCite
Research ArticleOpen accessIn the abstractUsing Linear Chouquet Integral Algorithm to Design Optimal Time-Cost Model in Large Construction ProjectsHamid Jafari Nia, Kaveh Ostad-Ali-Askari, Hamidreza BabaaliNowadays, the problem of scheduling and executing projects with the least cost and time has become one of the main concerns of project managers. In this regard, researchers have used different methods and patterns. One of these methods is to use concurrent engineering in projects. Simultaneous engineering means the creation of a project schedule for projects based on existing units … …American Journal of Engineering and Applied Sciences, Vol. 13, Issue 4 · 18 Nov 2020 · 6,686 accessesView PDFCite
EditorialOpen accessIn the abstractBig Data and Parkinson’s Disease - from Understanding of Disease to Personalised MedicineYen F. Tai, Nicola PaveseThe advancement of information technology in recent years has generated a huge amount of datasets in all areas of scientific research. This has led to new opportunities to harness the 'Big Data' to improve our understanding of diseases - from investigating disease mechanisms to monitoring treatment responses. The Big Data approach is a data-driven and often hypothesis-free, way of studying … …Neuroscience International, Vol. 7, Issue 1 · 27 Jul 2016 · 7,755 accessesView PDFCite
Research ArticleOpen accessIn the abstractYear-Round Forage Yield Stability through a System Combining Triple-Maize Crops with Winter Barley in Kyushu, JapanYingkui Yang, Yasuyuki Ishii, Sachiko IdotaReduction of feeding cost for the beef and dairy cow industry is an urgent matter requiring the intensification of summer and winter forage cropping in Kyushu, Japan. Forage maize is a prominent high-yield summer crop in the region, where it used to be sown from late March to early August. Due to global warming, maize cropping in the common hot … …American Journal of Agricultural and Biological Sciences, Vol. 11, Issue 1 · 21 Jan 2016 · 7,296 accessesView PDFCite
Research ArticleOpen accessIn the abstractStatin Therapy in the Management of Diabetes Mellitus; How Relevant?Fasanmade Olufemi Adetola, Odeniyi Ifedayo AdeolaDiabetes is associated with the development of premature cardiovascular disease. There have been many clinical trials of statin treatment conducted in patients with Coronary Heart Disease (CHD). Taking a closer look at the subset of those patients with diabetes mellitus puts no doubt on the beneficial effect of lowering cholesterol with statin in these patients. Earlier studies done dwell more … …Current Research in Medicine, Vol. 4, Issue 1 · 25 Mar 2013 · 7,868 accessesView PDFCite
Research ArticleOpen accessIn the abstractPower Outage, Business Continuity and Businesses' Choices of Power Outage Mitigation MeasuresAli Asgary, Yeganeh Mousavi-JahromiProblem statement: Power outage has been mentioned as one of the most experienced and perceived risks by various types of businesses and organizations. Thus, reducing the impacts of power outage has become a key agenda in business continuity planning. Back-up or stand-by generators are among the most well known measures taken by power consumers to tackle the power outage problem. … …American Journal of Economics and Business Administration, Vol. 3, Issue 2 · 8 Apr 2011 · 7,678 accessesView PDFCite
Research ArticleOpen accessIn the abstractApproximation of Aggregate Losses Using SimulationMohamed Amraja Mohamed, Ahmad Mahir Razali, Noriszura IsmailProblem statement: The modeling of aggregate losses is one of the main objectives in actuarial theory and practice, especially in the process of making important business decisions regarding various aspects of insurance contracts. The aggregate losses over a fixed time period is often modeled by mixing the distributions of loss frequency and severity, whereby the distribution resulted from this approach … …Journal of Mathematics and Statistics, Vol. 6, Issue 3 · 30 Sep 2010 · 7,666 accessesView PDFCite