Adaptive Replacement Policies for a System of Parallel Machines

John G. Wilson and Elmira Popova
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John G. Wilson: Wake Forest University, Case Western Reserve University
Elmira Popova: Wake Forest University, Case Western Reserve University

A chapter in Lifetime Data: Models in Reliability and Survival Analysis, 1996, pp 371-375 from Springer

Abstract: Abstract Consider n machines or components operating in parallel. Fixed, replacement and downtime costs are associated with the system. This paper considers the case where n equals 2 or 3 and the machines have i.i.d. exponential failure times. However, unlike much of the literature, the parameter of the failure time distribution is unknown. Adaptive policies that incorporate both the cost structure and the statistical information gained while operating the machines are analysed.

Date: 1996
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DOI: 10.1007/978-1-4757-5654-8_48

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