Periodic Replacement with Increasing Minimal Repair Costs at Failure

Philip J. Boland and Frank Proschan
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Philip J. Boland: University College, Dublin, Ireland
Frank Proschan: The Florida State University, Tallahassee, Florida

Operations Research, 1982, vol. 30, issue 6, 1183-1189

Abstract: When an expensive one unit system fails or breaks down, it is often more practical to perform “minimal repair” than to make a replacement or perform a complete overhaul. Instead replacements or complete overhauls are made periodically at fixed multiples of some predetermined time T . In this paper we treat a model for this minimal repair-periodic replacement policy, and consider the problems of determining: (1) the period T which minimizes the total expected cost of repair and replacement over a fixed time horizon [0, t ), and (2) the period T which minimizes the total expected cost per unit time over an infinite time horizon.

Keywords: 71 increasing minimal repair costs; 730 periodic replacement and minimal repair (search for similar items in EconPapers)
Date: 1982
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