Cost optimal replacement of monotone, re
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Kjell Sandve; Terje Aven
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Article
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1999
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Elsevier Science
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English
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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 investigate