A repair replacement model
Keyword(s):
Long Run
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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.
1990 ◽
Vol 22
(02)
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pp. 494-497
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2021 ◽
pp. 149-152
2005 ◽
Vol 42
(01)
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pp. 1-14
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2021 ◽
Vol 12
(11)
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pp. 1880-1885
2005 ◽
Vol 42
(1)
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pp. 1-14
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1991 ◽
Vol 28
(04)
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pp. 843-851
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