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This paper aims to address the effect of inspection intervals on cost function in condition‐based maintenance (CBM) and show how selecting an appropriate inspection scheme may reduce the cost associated to a CBM program.

In CBM, replacement policy is often defined as a threshold for replacement or leaving an item in operation until next inspection, depending on monitoring information. The control limit replacement policy framework, already reported by some research referred to in this paper, is utilized to determine the optimal replacement threshold. Having released the assumption that the inspections are performed at fixed and constant intervals, an iterative procedure is proposed to evaluate alternative inspection schemes and their associated total average cost of replacements and inspections.

The paper proposes an approach in which preventive and failure replacement costs as well as inspection cost are taken into account to determine the optimal replacement policy and an age‐based inspection scheme such that the total average cost of replacements and inspections is minimized.

In many practical situations where CBM is implemented, e.g. manufacturing processes, inspections require labor, specific test devices, and sometimes suspension of the operations. Thus, when inspection cost is considerable, by applying the proposed approach, one can obtain an inspection scheme that reduces the cost.

Using the approach proposed in the paper, a cost‐effective age‐based inspection scheme for a system under CBM is determined.

This research paper aims to explore the application of Statistical Process Control (SPC) methods to measure the performance of a national supermarket chain's problem suppliers. The use of SPC control charts was expected to help in the understanding of the management of buyer/supplier relationships and the effect of the suppliers' performance in the supermarket's replenishment system.

The data analysed were based on the performance of 12 suppliers to the national supermarket over a period of 77 weeks. Quantitative data were supplemented with qualitative data obtained from the suppliers' managers and the supermarket's buyers. The paper compares the measurement of the suppliers' performance using descriptive statistics such as skewness, kurtosis and correlation, with those obtained using SPC‐based control chart techniques.

The results of this analysis indicate that neither descriptive statistics nor the SPC approach were a complete answer to monitoring supplier performance in the supermarket environment. Instead a composite approach was most likely to be effective in improving buyer/supplier relationships. The use of descriptive statistics is important in establishing consistent and achievable performance targets; the use of SPC facilitates performance monitoring and enables meaningful problem‐solving dialogues to be established.

From a retail managerial perspective these results help both in the design of the performance measurement system and in the establishment of realistic performance standards throughout the supply system.

The results suggest that performance measurement of supermarket replenishment systems needs to use a range of performance measures and extend beyond conventional dyadic buyer/supplier analysis.

Taking advantage of the 2008 Sichuan Great Earthquake as a natural experiment, the purpose of this paper is to examine the motives and effects of corporate donations by focusing on how firm ownership identity as the first-order governance mechanism affects the motives and effects of disaster relief donations.

The authors conduct regressions and market event studies, and use matching to address the confounding effects of differences in firm characteristics.

The authors hypothesize that private firms that are better governed than state-owned enterprises (SOEs) are more likely to donate for value maximization. Consistent with this, the authors find that private firms are more likely to donate to the 2008 Sichuan earthquake and donate more than SOEs. The effects of secondary governance variables in the donation determinant models (e.g. board independence and managerial ownership) are more consistent with the value maximization argument. While short-term market reaction to donation announcement is not significant for private firms, it is lower when SOEs make a large donation. Consistent with the hypothesis, the authors find that over the 24–36 months following the donation, private donors realize a higher abnormal stock return.

The study contributes to the debate over the merits/costs of corporate donations and helps better understand how SOEs and private firms (particularly family-owned firms) differ in their governance and financial decision-making.

Both managers from private firms and SOEs can use the findings of this study to better guide their donation and other philanthropic decisions.

This study is the first to examine both the motives and effects of corporate donations by both private and SOEs taking advantage of the 2008 Sichuan, thereby significantly extending prior related studies.

Investigates the usage of, and attitude towards marketing training in UK companies by means of survey data collated among 669 respondent firms. Suggests possible future directions for training in this area.

What characterizes the relationships with intermediaries that are soon to be replaced, and are the replacements successful? The paper aims to discuss these issues.

The study applies a longitudinal design. The paper conducted a survey among a sample of exporters concerning their relationships with independent intermediaries in terms of trust, commitment, communication, control and two performance variables; financial performance and strategic goal achievement. Five years thereafter the author contacted the same companies again and questioned which independent intermediaries had been replaced in the period. The author then compared the replaced intermediaries with the extended intermediaries before they were replaced and analysed changes in the evaluations of the relationships and of the performance after the replacement.

The relationships with terminated intermediaries that were replaced by sales subsidiary or home-based direct sales were characterized having higher trust, communication and control than extended relationships before replacement. While it may be surprising that these quite successful relationships were terminated, this is in line with internationalization process theories. The replacements, both intermediaries that were replaced by other intermediaries and by sales subsidiary/home-based direct sales, were highly successful in terms of improvement in performance and behavioural relationship variables.

The empirical findings are limited by the sample and by data collection from the principal only in the dyadic relations.

International independent intermediaries should analyse the likelihood of being replaced by the principal because the relationship or the performance is unsatisfactory, but also because of satisfactory evaluations. Terminations of satisfactory relationships tend to be accompanied by change in operation mode to internal organization. The independent intermediary should in such cases build a defence structure against unwanted termination and/or prepare for buyout. The success of the replacements suggests that international marketers benefit from being proactive in replacing intermediaries with new intermediaries or with a hierarchal entry mode.

This is the first study that applies most of these variables from interorganizational relations theory in the study of international independent intermediary replacements. It is also the first to give insight into the consequences of intermediary terminations.

The main purpose of present study is to model the replacement policy under uncertainty for managerial application based on grey-reliability approach by considering the subjective views of quality control circle (QCC). The study objectively links the optimality between individual replacement and group replacement policies for determining the minimum operational costs. The integrated framework between QCC, replacement theory, grey set theory and supply chain management is presented to plan replacement actions under uncertainty.

The study proposes the concept of grey-reliability index and built a decision support model, which can deal with the imprecise information for determining the minimum operational costs to plan subsequent maintenance efforts.

The findings of the study establish the synergy between individual replacement and group replacement policies. The computations related to the numbers of failures, operational costs, reliability index and failure probabilities are presented under developed framework. An integrated framework to facilitate the managers in deciding the replacement policy based on operational time towards concerning replacement of assets that do not deteriorate, but fails suddenly over time is presented. The conceptual model is explained with a numerical procedure to illustrate the significance of the proposed approach.

A conceptual model under the framework of such items, whose failures cannot be corrected by repair actions, but can only be set by replacement is presented. The study provides an important knowledge based decision support framework for crafting a replacement model using grey set theory. The study captured subjective information to build decision model in the ambit of replacement.

The purpose of this paper is to determine optimal replacement threshold and optimal inspection interval for an item subjected to condition-based maintenance (CBM). The primarily assumption is that the item's failure replacement cost depends on the item's degradation state at which failure occurs and/or the time the item fails. The cost of inspection is also taken into account.

The control limit replacement policy framework, already reported by some research referred to in this paper, is first extended to include the non-decreasing failure replacement cost assumption. Then, for alternative inspection intervals, replacement thresholds together with their associated total cost including the inspection cost are computed. By comparing the total costs, the optimal inspection interval and its corresponding optimal replacement threshold are simultaneously identified.

The mathematical formulation required for the determination of optimal replacement threshold and optimal inspection interval for an item subjected to CBM under the assumption of non-decreasing failure cost is provided.

In some practical situations where CBM is implemented, the failure replacement cost may depend on the time the failure happens and/or may depend on the system's degradation state. In addition, inspections often incur cost. Under such circumstances, findings of this paper can be utilized for the determination of optimal replacement threshold and optimal inspection interval for the underlying system.

Using the approach proposed in this paper, one could obtain the optimal replacement threshold and the optimal inspection interval for a system subjected to CBM.

The purpose of this paper is the simultaneous determination of optimal replacement threshold and inspection scheme for a system within condition-based maintenance (CBM) framework.

A proportional hazards model (PHM) is used for risk of failure and a Markovian process to model the system covariates. Total expected long-run cost (including replacement, inspection and downtime costs) is formulated in terms of replacement threshold and inspection scheme. Through an iterative procedure, for all different values of replacement thresholds, their associated optimal inspection scheme is determined using an effective search algorithm. By evaluating the corresponding costs, the optimal replacement threshold and its associated optimal inspection scheme are, then, identified.

The mathematical formulation, that takes into account all different costs, required for the simultaneous determination of optimal replacement threshold and optimal inspection scheme for an item subjected to CBM using PHM is provided. The proposed approach is compared against classical age policy and one state-of-the-art policy through a numerical example. The results show that the proposed approach outperforms other comparing policies.

In practical situations where CBM is implemented, inspections and downtime often incur cost. Under such circumstances, findings of this paper can be utilized for the determination of optimal replacement threshold and optimal inspection scheme so that the CBM cost is minimized.

In most of the reported researches, it is often assumed that inspections have no cost and/or that the time for replacements (either preventive or at failure) is negligible. In the contrary, in this paper the author takes all cost factors including inspection costs, replacement time(s) and their associated downtime costs into account in the simultaneous determination of optimal replacement threshold and optimal inspection scheme.

In the high-altitude, high-voltage electromagnetic interference operation environment, due to the parameters perturbation for robot control model caused by uncertainties and disturbances, and with the poor effective of the conventional proportional–integral–derivative (PID) control to parameters perturbation system, the mathematical model of power cable live operation robot joint PID closed-loop control system is established.

The corresponding joint motion robust PID control method is also proposed based on Kharitonov theory, the system robust stability conditions including the sufficient and necessary conditions are deduced and obtained and the solving process of robust PID control parameters stability region is provided.

Finally, the simulation research on robot joint motion PID control system is also launched in MATLAB environment based on Kharitonov theory. The results show that the conventional PID control obtains better control effect only to nominal model but is ineffective to parameter perturbation system, while robust PID obtains sound control effect to parameter perturbation system. Compared with H8 robust PID, the Kharitonov robust PID has better control effect which meet the system design requirements of joint motor quickly response, high tracking accuracy and sound stability. Finally, the validity and engineering practicability are verified by 220-kV living replacing damper operation experiment.

This paper has described the development of a damper replacement power cable live maintenance robot experimental prototype, which greatly improves operation efficiency and deals with the safety problem of operation in a high-voltage environment. A general manipulator motion control model of the power cable robot is established; the Kharitonov theory-based parameter perturbation robust motion control method of damper replacement robot is also obtained. Through the simulation comparison, it is verified that the Kharitonov control has more superiority for dealing with the parameter perturbation systems under the premise of ensuring the stability motion. The field experiment has further confirmed the engineering practicability.

This paper aims to investigate the roles of non-CEO inside directors (NCIDs) in the new CEO-firm matching process using the context of unplanned CEO departures when immediate CEO succession planning becomes a sole board responsibility. Although critics argue that inside directors decrease the monitoring effectiveness of a board, inside directors arguably possess superior firm-specific experience and knowledge that can be beneficial during the leadership transition.

The authors use a comprehensive, manually collected data set of unplanned CEO departures from 1993 to 2012.

The authors find that NCIDs play an important role in the CEO transitioning process. They help firms identify qualified inside replacements and provide stability as the new permanent or interim CEO. In addition, NCIDs facilitate the transfer of information and help the new external CEOs succeed. They show that the longer the NCID stays with the company, the longer the tenure of the new CEO. They also document that the presence of NCIDs improves operating and stock performance; especially when the new CEO is hired from outside of the firm.

The impact of NCIDs is particularly important when the firm hires an outsider as the new CEO. These results suggest that board composition affects frictions in the CEO labor market.

The literature has predominantly focused on the downside of having inside directors. Too many inside directors on a firm’s board is often associated with ineffective boards and entrenchment. To the contrary, the authors focus on a potential benefit of having inside directors.