Cost optimal replacement of monotone, repairable systems

✍ Scribed by Kjell Sandve; Terje Aven

• Publisher: Elsevier Science
• Year: 1999
• Tongue: English
• Weight: 320 KB
• Volume: 116
• Category: Article
• ISSN: 0377-2217
• DOI: 10.1016/s0377-2217(98)00090-3

✦ Synopsis

In this paper we study the optimal replacement problem of a monotone system comprising n components, where the components are ``minimally'' repaired at failures. The optimality function studied is the long run expected cost per unit of time. Dierent categories of replacement policies are investigated.