A discounted cost relationship

C. S. Chen and Thomas H. Savits

Journal of Multivariate Analysis, 1988, vol. 27, issue 1, 105-115

Abstract: In [3]. J. Appl. Probab.4, in press) a very general cost mechanism for a maintained system was considered. There he established a relationship between the expected long run cost per unit time for the age and block maintenance policies. In the present paper a similar relationship is obtained for the expected total [alpha]-discounted cost.

Keywords: age; replacement; policy; block; replacement; policy; renewal; reward; process; discounting (search for similar items in EconPapers)
Date: 1988
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Citations: View citations in EconPapers (4)

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