Comparative Analysis of Replacement Models with Balancing Maintenance Costs

Satoshi Mizutani (), Syouji Nakamura () and Toshio Nakagawa ()
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Satoshi Mizutani: Aichi Institute of Technology
Syouji Nakamura: Kinjo Gakuin University
Toshio Nakagawa: Aichi Institute of Technology

A chapter in Reliability Analysis and Maintenance Optimization of Complex Systems, 2025, pp 129-142 from Springer

Abstract: Abstract It is the most important to design a high reliability system by adopting suitable maintenance policies. Various maintenance models have been formed stochastically and their optimal policies have been derived analytically. In such studies, when the maintenance costs are the same, it has been discussed theoretically which policies are better. This paper proposes the problem of determining maintenance costs when the expected costs of two policies are the same, which is called a balancing cost. We take up the age replacement and the periodic replacement with minimal repair and obtain their balancing costs numerically. Furthermore, we make this approach to replacement overtime policies and a shock and damage model.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:ssrchp:978-3-031-70288-4_9

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DOI: 10.1007/978-3-031-70288-4_9

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