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The optimal repair-time limit replacement policy with imperfect repair: Lorenz transform approach

โœ Scribed by Tadashi Dohi; Akira Ashioka; Naoto Kaio; Shunji Osaki

Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
520 KB
Volume
38
Category
Article
ISSN
0895-7177

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โœฆ Synopsis

In this paper, we consider a simple repair-time limit replacement problem with imperfect repair, and focus on the problem of determining the optimal repair-time limit which minimizes the expected cost per unit time in the steady-state. Applying the Lorenz transform, we develop a nonparametric method to estimate the optimal repair-time limit from the empirical repair-time data. Numerical examples are considered to calculate the optimal policy and to examine the asymptotic properties of the estimator.

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