Maintenance and replacement policies under technological obsolescence

Julien Clavareau and Pierre-Etienne Labeau

Reliability Engineering and System Safety, 2009, vol. 94, issue 2, 370-381

Abstract: The technological obsolescence of a unit is characterized by the existence of challenger units displaying identical functionalities, but with higher performances. This paper aims to define and model in a realistic way, possible maintenance policies of a system including replacement strategies when one type of challenger unit is available. The comparison of these possible strategies is performed based on a Monte Carlo estimation of the costs they incur.

Keywords: Preventive and corrective maintenance; Replacement strategies; Technological obsolescence; Monte Carlo simulation (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reensy:v:94:y:2009:i:2:p:370-381

DOI: 10.1016/j.ress.2008.03.033

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