The Age Replacement Problem with Minimal Repair and Random Repair Costs

R. Cléroux, S. Dubuc and C. Tilquin
Additional contact information
R. Cléroux: University of Montreal, Montreal, Quebec
S. Dubuc: University of Montreal, Montreal, Quebec
C. Tilquin: University of Montreal, Montreal, Quebec

Operations Research, 1979, vol. 27, issue 6, 1158-1167

Abstract: Age replacement policies are investigated. When a unit reaches age T , a preventive replacement is made. If a failure occurs prior to age T and if the random repair cost is less than a fixed constant, a minimal repair is made. Otherwise the unit is replaced at failure.

Date: 1979
References: Add references at CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://dx.doi.org/10.1287/opre.27.6.1158 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:27:y:1979:i:6:p:1158-1167

Access Statistics for this article

More articles in Operations Research from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().