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Multivariate age replacement

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

Published online by Cambridge University Press:  14 July 2016

Nader Ebrahimi
Nader Ebrahimi*
Affiliation:
Northern Illinois University
*
∗Postal address: Division of Statistics, Northern Illinois University, De Kalb, Illinois, USA.
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Abstract

Age replacement policy is commonly used in order to reduce the number of in-service failures. In this paper we define a multivariate version of this policy and develop some of its desirable properties. We also obtain an optimal age replacement policy.

Keywords

AGE REPLACEMENT POLICIESRELIABILITY THEORYCOUNTING PROCESSESRENEWAL PROCESSES

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 34 , Issue 4 , December 1997 , pp. 1032 - 1040
Copyright
Copyright © Applied Probability Trust 1997 

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References

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