Simultaneous degradation of multiple dependent performance characteristics (PCs) is a common phenomenon for industrial products. The associated degradation modeling is of practical importance yet c…
Multivariate functional data are increasingly common in various applications. The cross-correlation of different process variables is typically complex in that a variable might be weakly correlated…
Problem definition: Warranty reserves are funds used to fulfill future warranty obligations for a product. In this paper, we investigate the warranty reserve planning problem faced by a manufacturi…