EconPapers    
Economics at your fingertips  
 

On Optimal Redundancy

Guy Black and Frank Proschan
Additional contact information
Guy Black: Electronic Defense Laboratory, Sylvania Electric Products, Inc., Mountain View, California
Frank Proschan: Electronic Defense Laboratory, Sylvania Electric Products, Inc., Mountain View, California

Operations Research, 1959, vol. 7, issue 5, 581-588

Abstract: A complex system is to be placed in the field for a fixed period. During the period only the spares initially provided may be used to replace components that have failed. Independence of failures is assumed among the essential components considered. Given the cost of components, the number of like components of each type simultaneously operating, the length of operation scheduled for each component, the failure distributions of components, a general mathematical solution is obtained for the composition of the spare parts kit which maximizes assurance of continued operation during the period, subject to a fixed budget for spares. Explicit formulas are obtained in the case of exponential failure distributions, constructive procedures in the case of monotone likelihood ratio densities. Fortunately, the identical mathematical model is applicable in determining the optimal allocation of redundancy in designing system reliability under a weight or cost restraint.

Date: 1959
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://dx.doi.org/10.1287/opre.7.5.581 (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:7:y:1959:i:5:p:581-588

Access Statistics for this article

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

 
Page updated 2025-03-19
Handle: RePEc:inm:oropre:v:7:y:1959:i:5:p:581-588