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In the maintenance optimisation framework, grouping maintenance is a promising solution for maintenance planning of multi-component systems, in which maintenance activities are performed together to reduce maintenance costs. One of the most widely identified challenges in real applications of grouping maintenance is that it may disturb the maintenance workload balance (smoothness), causing many difficulties in production and/or labour scheduling and inventory management. In this study, we propose a joint optimisation approach for maintenance grouping and workload balancing to address the above challenge. First, a mathematical model of the joint optimisation problem was derived. A multi-objective grouping optimisation approach based on the Weighted Sum model and Genetic Algorithm was implemented to determine the Pareto-optimal grouping solution. The proposed approach was applied to a real case study of an automotive plant comprising 40 production lines with 1090 components. The results highlighted the advantages, effectiveness, and flexibility of the proposed maintenance approach in real-world applications. [ABSTRACT FROM AUTHOR]

This paper investigates the role of board characteristics in the relationship between tax avoidance behavior and corporate risk tolerance to elucidate the importance of corporate governance mechanisms. The applied methodology is System-GMM for 334 listed corporations in Vietnam from 2008 to 2020 to avoid endogenous problems in our models. The main findings are that higher (lower) corporate risk-taking is related to higher (lower) corporate tax avoidance if the size of the board of directors and the supervisory board are larger (lower) than six and three members, respectively. Furthermore, if the board independence ratio is lower than 48.63%, an increase in corporate risk-taking leads to increased tax avoidance. Our results support the argument that the influence of corporate risk-taking on tax avoidance behavior is governed by governance structure. Therefore, the practical implications will be towards building the optimal governance mechanism for enterprises in Vietnam. [ABSTRACT FROM AUTHOR]