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Increasing the reliability of a machine reduces the period of its work

Part of: Operations research and management science Special processes Survival analysis and censored data

Published online by Cambridge University Press:  14 July 2016

Isaac M. Sonin
Isaac M. Sonin*
Affiliation:
University of North Carolina at Charlotte
*
∗Postal address: Mathematics Department, The University of North Carolina at Charlotte, Charlotte, NC 28223, USA.
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Abstract

The comparison of optimal strategies in a simple stochastic replacement model for two types of machines with identical cost characteristics when one of them is more reliable than the other is conducted. It is proven that the scheduled replacement period for the more reliable type is always less than for the less reliable one. An example is presented when even the expected period of use of a more reliable machine is less than the expected period for the less reliable one. Some related problems are briefly discussed.

Keywords

OPTIMAL REPLACEMENT POLICYRELIABILITYMARKOV DECISION PROCESS

MSC classification

Primary: 90B25: Reliability, availability, maintenance, inspection
Secondary: 60K10: Applications (reliability, demand theory, etc.) 62N05: Reliability and life testing
Type
Research Papers
Information
Journal of Applied Probability , Volume 33 , Issue 1 , March 1996 , pp. 217 - 223
Copyright
Copyright © Applied Probability Trust 1996 

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References

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