A simulation approach to analysis of free replacement policies

D.N.P. Murthy, B.P. Iskandar and R.J. Wilson

Mathematics and Computers in Simulation (MATCOM), 1992, vol. 33, issue 5, 513-518

Abstract: The cost analysis of one and two-dimensional free replacement policies involve renewal functions. This paper deals with the simulation approach to obtaining such renewal functions.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matcom:v:33:y:1992:i:5:p:513-518

DOI: 10.1016/0378-4754(92)90146-8

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