With the evolution of technology, the maintenance of sophisticated systems is of concern for system engineers and system designers. The maintenance cost of the system depends in general on the replacement and repair policies. The system replacement may be in a strictly periodic fashion or on a random basis depending upon the maintenance policy. At failure, the repair of the system may be perfor...

Farmers use credit from commercial credit providers to finance production activities. Commercial credit providers have to predict the financial sustainability of the enterprise to ensure that the borrower will have the ability to repay the loan. A Delphi study was conducted to explore what factors are used as indicators of loan-repayment ability of farmers. The objective was not only to identif...

Owing to the agentification of the Government Housing Loan Corporation, Japanese private financial institutions are now developing long-term fixed-rate loans. In order to reduce the risk of yielding mismatches between asset and liability, financial institutions will sell out their loans by securitization instead of holding loans themselves. Mortgage backed security (MBS) is a product of mortgag...

in this paper, efforts are made to compare the safety of steel moment resistant frames designed according to different editions of the iranian code of practice for seismic resistant design of buildings. also, failure risk of a low and medium height frame which designed for high and low seismicity regions according to three editions of the code are evaluated. first, the testing cases were design...

In this paper, we develop a dynamic model for debt repayment behaviors of new customers in the credit card market. We treat customer decisions of whether to be delinquent or not and of how much to pay conditional on deciding not to be delinquent as two separate but possibly correlated decisions and thus view the amount repaid by a delinquent consumer as a censored observation. We assume that th...