Title :
Cost Allocation in Joint Replacement for Multi-State Deteriorating Systems
Author :
TANIMOTO, Keishi
Author_Institution :
Dept. of Social Syst. Eng., Tottori Univ.
Abstract :
We study the problem concerning the allocation of cost incurred by owners of deteriorating systems. The cost allocation mechanism is designed using a dynamic cooperative game of joint replacement of the systems. Analyzing the game, it is found to be characterized by the instantaneous cost saving function. We suggest that the cost allocation method must satisfy several axioms such as additivity and dummy in this context. As a result, the class of additive cost methods such as Shapley value is useful. However, each method in this class has different disadvantage
Keywords :
cost reduction; dynamic programming; game theory; reliability theory; Shapley value; additive cost methods; cost allocation; dynamic cooperative game; joint replacement; multistate deteriorating system; Cost function; Environmental management; Infinite horizon; Pollution; Power supplies; Systems engineering and theory; Timing; Cost allocation; deteriorating systems; dynamic cooperative game; replacement;
Conference_Titel :
Systems, Man and Cybernetics, 2005 IEEE International Conference on
Conference_Location :
Waikoloa, HI
Print_ISBN :
0-7803-9298-1
DOI :
10.1109/ICSMC.2005.1571301
