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A repair replacement model

Published online by Cambridge University Press:  01 July 2016

Lam Yeh
Lam Yeh*
Affiliation:
The Chinese University of Hong Kong
*
∗Postal address: Department of Statistics, The Chinese University of Hong Kong, Shatin, N.T., Hong Kong.
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Abstract

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In this paper, we study a similar replacement model in which the successive survival times of the system form a process with non-increasing means, whereas the consecutive repair times after failure constitute a process with non-decreasing means. The system is replaced at the time of the Nth failure since the installation or last replacement. Based on the long-run average cost per unit time, we determine the optimal replacement policy N∗ and the maximum of the long-run average reward explicitly. Under additional conditions, the policy N∗ is even optimal among all replacement policies.

Keywords

IFRNBUERENEWAL THEORY
Type
Letters to the Editor
Information
Advances in Applied Probability , Volume 22 , Issue 2 , June 1990 , pp. 494 - 497
Copyright
Copyright © Applied Probability Trust 1990 

References

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