In some companies, corrective maintenance is conducted in-house but preventive maintenance might be outsourced. This raises a need to optimise some parameters such as the number of contracts from a perspective of the equipment owner. This paper considers a maintenance policy for such a situation, analyses the roles of the parameters in a PM model, proposes approaches to defining bonus functions...

The paper considers the problem of maximizing the profits of a trader operating in the Italian electricity market. The problem consists in selecting the contracts portfolio and define the bidding strategy in the wholesales market while respecting the technical and regulatory constraints. A novel solution method based on a enhanced discovery of the search domain in the simulated annealing techni...

The paper considers the problem of maximizing the profits of a retailer operating in the Italian electricity market. The problem consists in selecting the contracts portfolio and in defining the bidding strategy in the wholesales market while respecting the technical and regulatory constraints. A novel solution method based on a enhanced discovery of the search domain in the simulated annealing...

Standards for distribution middleware sometimes impose restrictions and often allow the implementations to decide on aspects that are fundamental to the correct and efficient behaviour of the applications using them, especially when these applications have real-time requirements. This work presents a study of two standard approaches for distribution middleware that can be used from Ada applicat...

This paper considers a Principal-Agent model with hidden action in which the Principal can monitor the Agent by acquiring independent signals conditional on effort at a constant marginal cost. The Principal aims to implement a target effort level at minimal cost. The main result of the paper is that the optimal information acquisition strategy is a two-threshold policy and, consequently, the eq...

This article examines the development of profitor revenue-sharing contracts in the motion picture industry. Contrary to much popular belief, such contracts have been in use since the start of the studio era. However, early contracts differed from those seen today. The evolution of the current contract is traced, and evidence regarding the increased use of sharing contracts after 1948 is examine...