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Monotone optimal replacement policies for a Markovian deteriorating system in a controllable environment

✍ Scribed by Murat Kurt; Jeffrey P. Kharoufeh

Publisher: Elsevier Science
Year: 2010
Tongue: English
Weight: 350 KB
Volume: 38
Category: Article
ISSN: 0167-6377
DOI: 10.1016/j.orl.2010.03.001

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## Abstract Most maintenance policies assume that failed or used components are replaced with identical units. Actually, such a hypothesis neglects the possible obsolescence of the components. When a new, more reliable and less consuming technology becomes available, a decision has to be made as fo