DocumentCode
1349383
Title
A Replacement Policy Based on Limits for the Repair Cost Rate
Author
Beichelt, Frank
Author_Institution
University for Information Electronics, Ingenieurhochschule Mittweida; Department of Mathematics; 9250 Mittweida, Platz der DSF 17; GERMAN DEMOCRATIC REPUBLIC.
Issue
4
fYear
1982
Firstpage
401
Lastpage
403
Abstract
A new replacement policy is proposed: At the moment when the repair cost rate reaches or exceeds a fixed level, the system is replaced. This policy is compared with the economic lifetime policy. An example is presented.
Keywords
Cost function; History; Stochastic processes; Stochastic systems; Economic life; First passage time; Long-run maintenance cost; Stochastic repair cost;
fLanguage
English
Journal_Title
Reliability, IEEE Transactions on
Publisher
ieee
ISSN
0018-9529
Type
jour
DOI
10.1109/TR.1982.5221393
Filename
5221393
Link To Document