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Due to the limitation of experimental conditions and budget, fatigue data of mechanical components are often scarce in practical engineering, which leads to low reliability of fatigue data and reduces the accuracy of fatigue life prediction. Therefore, this study aims to expand the available fatigue data and verify its reliability, enabling the achievement of life prediction analysis at different stress levels.

First, the principle of fatigue life probability percentiles consistency and the perturbation optimization technique is used to realize the equivalent conversion of small samples fatigue life test data at different stress levels. Meanwhile, checking failure model by fitting the goodness of fit test and proposing a Monte Carlo method based on the data distribution characteristics and a numerical simulation strategy of directional sampling is used to extend equivalent data. Furthermore, the relationship between effective stress and characteristic life is analyzed using a combination of the Weibull distribution and the Stromeyer equation. An iterative sequence is established to obtain predicted life.

The TC4–DT titanium alloy is selected to assess the accuracy and reliability of the proposed method and the results show that predicted life obtained with the proposed method is within the double dispersion band, indicating high accuracy.

The purpose of this study is to provide a reference for the expansion of small sample fatigue test data, verification of data reliability and prediction of fatigue life data. In addition, the proposed method provides a theoretical basis for engineering applications.

This chapter of the book seeks to use famous mathematical functions (statistical distribution functions) in evaluating and analyzing supply chain network data related to supply chain management (SCM) elements in organizations. In other words, the main purpose of this chapter is to find the best-fitted statistical distribution functions for SCM data. Explaining how to best fit the statistical distribution function along with the explanation of all possible aspects of a function for selected components of SCM from this chapter will make a significant attraction for production and services experts who will lead their organization to the path of competitive excellence. The main core of the chapter is the reliability values related to the reliability function calculated by the relevant chart and extracting other information based on other aspects of statistical distribution functions such as probability density, cumulative distribution, and failure function. This chapter of the book will turn readers into professional users of statistical distribution functions in mathematics for analyzing supply chain element data.

The purpose of this study is to check the reliability of a multi-pin joint to be a fail-safe joint by considering different geometric and material parameters. The pin joints are made of uni-directional fiberglass that has been impregnated with epoxy composites incorporating 3% nano-clay.

This study incorporates the analysis of multi-pin joints experimentally, numerically and statistically using the Weibull approach. During analyses, geometrical parameters edge to diameter (E:D), longitudinal pitch to diameter (F:D), side edge to diameter (S:D) and transverse pitch to diameter (P:D) were analyzed using the Taguchi method with a higher-the-better L16 orthogonal array.

This study aims to develop multi-pin laminated joints to attain higher reliability, which have been designated as fail-safe joints for the intended application and which have higher joint strength. The study reveals that to achieve 99% reliability or 1% probability of failure using the Weibull approach, 24.4% load decrement from the experimental result recorded for three-pin joint configuration at E:D = 4, F:D = 5, S:D = 4 and P:D = 5. Similarly, for the four-pin configuration at E:D = 4, F:D = 4, S:D = 4 and P:D = 5, 23.07% of load decrement observed from the experimental result implies that the expected load with a 99% reliability offers a safe load.

A reliability analysis on multi-pin joints was not conducted in structural application. Composite materials are used because of high reliability and high strength-to-weight ratio. So, in the present work, reliability of the multi-pin joint is analyzed using Weibull distribution.

The study aims to provide a basis for the effective use of safety-related information data and a quantitative assessment way for the occurrence probability of the safety risk such as the fatigue fracture of the key components.

The fatigue crack growth rate is of dispersion, which is often used to accurately describe with probability density. In view of the external dispersion caused by the load, a simple and applicable probability expression of fatigue crack growth rate is adopted based on the fatigue growth theory. Considering the isolation among the pairs of crack length a and crack formation time t (a∼t data) obtained from same kind of structural parts, a statistical analysis approach of t distribution is proposed, which divides the crack length in several segments. Furthermore, according to the compatibility criterion of crack growth, that is, there is statistical development correspondence among a∼t data, the probability model of crack growth rate is established.

The results show that the crack growth rate in the stable growth stage can be approximately expressed by the crack growth control curve da/dt = Q•a, and the probability density of the crack growth parameter Q represents the external dispersion; t follows two-parameter Weibull distribution in certain a values.

The probability density f(Q) can be estimated by using the probability model of crack growth rate, and a calculation example shows that the estimation method is effective and practical.

Jubail Industrial City is one of the largest industrial centers in the Middle East, offering potential opportunities for renewable energy generation. This research paper presents a comprehensive analysis of the wind resources in Jubail Industrial City and proposes the design of a smart grid-connected wind farm for this strategic location.

The study used wind data collected at three different heights above ground level – 10, 50 and 90 m – over four years from 2017 to 2020. Key parameters, such as average wind speeds (WS), predominant wind direction, Weibull shape, scale parameters and wind power density (WPD), were analyzed. The study used Windographer, an exclusive software program designed to evaluate wind resources.

The average WS at the respective heights were 3.07, 4.29 and 4.58 m/s. The predominant wind direction was from the north-west. The Weibull shape parameter (k) at the three heights was 1.77, 2.15 and 2.01, while the scale parameter (c) was 3.36, 4.88 and 5.33 m/s. The WPD values at different heights were 17.9, 48.8 and 59.3 W/m², respectively.

The findings suggest that Jubail Industrial City possesses favorable wind resources for wind energy generation. The proposed smart grid-connected wind farm design demonstrates the feasibility of harnessing wind power in the region, contributing to sustainable energy production and economic benefits.

The development of digital technology has provided technical support to various industries. Specifically, Internet-based freight platforms can ensure the high-quality development of the logistics industry. Online freight platforms can use cargo transportation insurance to improve their service capabilities, promote their differentiated development, create products with platform characteristics and increase their core competitiveness.

This study uses a generalised linear model to fit the claim probability and claim intensity data and analyses freight insurance pricing based on the freight insurance claim data of a freight platform in China.

Considering traditional pricing risk factors, this study adds two risk factors to fit the claim probability data, that is, the purchase behaviour of freight insurance customers and road density. The two variables can significantly influence the claim probability, and the model fitting outcomes obtained with the logit connection function are excellent. In addition, this study examines the model results under various distribution types for the fitting of the claim intensity data. The fitting outcomes under a gamma distribution are superior to those under the other distribution types, as measured by the Akaike information criterion.

With actual data from an online freight platform in China, this study empirically proves that a generalised linear model is superior to traditional pricing methods for freight insurance. This study constructs a generalised linear pricing model considering the unique features of the freight industry and determines that the transportation distance, cargo weight and road density have a significant influence on the claim probability and claim intensity.

The COVID-19 pandemic severely impacted tourism, and the hotel and restaurant industry was the most affected sector, which faced issues related to business uncertainty and unemployment during the crisis. The analysis of recovery time and the influence factors is significant to support policymakers in developing an effective response and mitigating the risks associated with the tourism crisis. This study aims to investigate numerous factors affecting the recovery time of the hotel and restaurant sector after the COVID-19 crisis by using survival analysis.

This study uses the quarterly value added with the observation time from quarter 1 in 2020 to quarter 1 in 2023 to measure the recovery status. The recovery time refers to the number of quarters needed for the hotel and restaurant sector to get value added equal to or exceed the value added before the crisis. This study applies survival models, including lognormal regression, Weibull regression, and Cox regression, to investigate the effect of numerous factors on the hazard ratio of recovery time of hotels and restaurants after the COVID-19 crisis. This model accommodates all cases, including “recovered” and “not recovered yet” areas.

The empirical findings represented that the Cox regression model stratified by the area type fit the data well. The priority tourism areas had a longer recovery time than the non-priority areas, but they had a higher probability of recovery from a crisis of the same magnitude. The size of the regional gross domestic product, decentralization funds, multiplier effect, recovery time of transportation, and recovery time of the service sector had a significant impact on the probability of recovery.

This study contributes to the literature by examining the recovery time of the hotel and restaurant sector across Indonesian provinces after the COVID-19 crisis. Employing survival analysis, this study identifies the pivotal factors affecting the probability of recovery. Moreover, this study stands as a pioneer in investigating the multiplier effect of the regional tourism and its impact on the speed of recovery.

The authors enrich and extend the existing institutional anomie theory (IAT) in the hope of sharpening the understanding of the joint effects of selected cultural values and social institutional changes on women's pre-entrant entrepreneurial attempts. The authors theorize that women are culturally discouraged to pursue pre-entrant entrepreneurial attempts or wealth accumulation in a specific culture. This discouragement creates an anomic strain that motivates women to deviate from cultural prescriptions by engaging in pre-entrant entrepreneurial attempts at a faster speed. Building on this premise, the authors hypothesize that changes in social institutions facilitate the means of achievement for women due to the potential opportunities inherent in such institutional changes.

Using a randomly selected sample of 1,431 registered active individual users with a minimum of 10,000 followers on a leading entertainment live-streaming platform in the People's Republic of China, the authors examined a unique mix of cultural and institutional changes and their effects on the speed of women's engagement in live-streaming platform activity.

The authors find support for the impact of the interaction between changes in social institution conditions and cultural values. Unexpectedly, the authors also find a negative impact of cultural values on women's speed of engaging in pre-entrant entrepreneurial attempts.

The authors add institutional change to the IAT framework and provide a novel account for the variation in the pre-entrant entrepreneurial attempts by women on the platform.

This paper aims to develop a dynamic civil facility degradation prediction model to forecast the reliability performance tendency and remaining useful life under imperfect maintenance based on the inspection records and the maintenance actions.

A real-time hidden Markov chain (HMM) model is proposed in this paper to predict the reliability performance tendency and remaining useful life under imperfect maintenance based on rare failure events. The model assumes a Poisson arrival pattern for facility failure events occurrence. HMM is further adopted to establish the transmission probabilities among stages. Finally, the simulation inference is conducted using Particle filter (PF) to estimate the most probable model parameters. Water seals at the spillway hydraulic gate in a Taiwan's reservoir are used to examine the appropriateness of the approach.

The results of defect probabilities tendency from the real-time HMM model are highly consistent with the real defect trend pattern of civil facilities. The proposed facility degradation prediction model can provide the maintenance division with early warning of potential failure to establish a proper proactive maintenance plan, even under the condition of rare defects.

This model is a new method of civil facility degradation prediction under imperfect maintenance, even with rare failure events. It overcomes several limitations of classical failure pattern prediction approaches and can reliably simulate the occurrence of rare defects under imperfect maintenance and the effect of inspection reliability caused by human error. Based on the degradation trend pattern prediction, effective maintenance management plans can be practically implemented to minimize the frequency of the occurrence and the consequence of civil facility failures.

This study aims to develop a novel approach for predicting default risk in bancassurance, which plays a crucial role in the relationship between interest rates in banks and premium rates in insurance companies. The proposed method aims to improve default risk predictions and assist with client segmentation in the banking system.

This research introduces the group method of data handling (GMDH) technique and a diversified classifier ensemble based on GMDH (dce-GMDH) for predicting default risk. The data set comprises information from 30,000 credit card clients of a large bank in Taiwan, with the output variable being a dummy variable distinguishing between default risk (0) and non-default risk (1), whereas the input variables comprise 23 distinct features characterizing each customer.

The results of this study show promising outcomes, highlighting the usefulness of the proposed technique for bancassurance and client segmentation. Remarkably, the dce-GMDH model consistently outperforms the conventional GMDH model, demonstrating its superiority in predicting default risk based on various error criteria.

This study presents a unique approach to predicting default risk in bancassurance by using the GMDH and dce-GMDH neural network models. The proposed method offers a valuable contribution to the field by showcasing improved accuracy and enhanced applicability within the banking sector, offering valuable insights and potential avenues for further exploration.