DocumentCode
1555864
Title
Optimal age-replacement policy with age-dependent minimal-repair and random-leadtime
Author
Sheu, Shey-Huei ; Griffith, William S.
Author_Institution
Dept. of Ind. Manage., Nat. Taiwan Univ. of Sci. & Technol., Taipei, Taiwan
Volume
50
Issue
3
fYear
2001
fDate
9/1/2001 12:00:00 AM
Firstpage
302
Lastpage
309
Abstract
A generalized age-replacement policy with age-dependent minimal repair and random leadtime is considered. A model is developed for the average cost per unit time and is based on the stochastic behavior of the assumed system and reflects the cost of storing a spare as well as the cost of system downtime. Determination of the minimum-cost policy time is described and illustrated with a numerical example. Because the model and its analysis are general, several existing results are shown to be subsumed by this model
Keywords
ageing; costing; economics; failure analysis; maintenance engineering; optimisation; reliability; stochastic processes; age-dependent minimal-repair; average cost per unit time; inventory; maintenance; minimum-cost policy time; optimal age-replacement policy; random-leadtime; stochastic behavior; Cost function; Councils; Electric shock; Statistics; Stochastic systems; Technology management;
fLanguage
English
Journal_Title
Reliability, IEEE Transactions on
Publisher
ieee
ISSN
0018-9529
Type
jour
DOI
10.1109/24.974128
Filename
974128
Link To Document