Bivariate optimal replacement policies for multistate degenerative systems

P. Govindaraju, U. Rizwan and V. Thangaraj

International Journal of Reliability and Safety, 2011, vol. 5, issue 1, 66-82

Abstract: This paper studies the maintenance problem of a multistate degenerative system with k-working states and l-failure states. The long-run average cost for a multistate degenerative system under different bivariate replacement policies is derived. Existence of optimality under the aforesaid bivariate replacement polices are deduced. Numerical examples are given to illustrate the results developed in this paper.

Keywords: geometric process; replacement policy; renewal reward process; virtual repair time; optimisation; multistate degenerative systems; maintenance policy. (search for similar items in EconPapers)
Date: 2011
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