ON THE COMPARISON OF PERFORMANCE-PER-COST FOR COHERENT AND MIXED SYSTEMS
2020 ◽
pp. 1-18
Keyword(s):
The present paper is concerned with reliability economics, considering a certain performance-per-cost criterion for coherent and mixed systems, as introduced in [Dugas, M.R. & Samaniego, F.J. (2007). On optimal system designs in reliability-economics frameworks. Naval Research Logistics 54, 568–582]. We first present a new comparison result for performance-per-cost of systems with independent and identically distributed component lifetimes under certain stochastic orderings. We then consider optimization of the performance-per-cost criterion, first reconsidering and refining results from the above cited paper, and then considering mixtures of given subsets of coherent systems.
2010 ◽
Vol 47
(01)
◽
pp. 235-253
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2010 ◽
Vol 47
(1)
◽
pp. 235-253
◽
2011 ◽
Vol 48
(03)
◽
pp. 856-867
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2016 ◽
Vol 48
(2)
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pp. 332-348
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