Optimal replacement strategies for repairable systems

Frans Boshuizen

Mathematical Methods of Operations Research, 1997, vol. 45, issue 1, 133-144

Abstract: This paper considers repair-replacement models introduced by Lam Yeh [6] and [7], and Stadje and Zuckerman [9]. Without imposing ‘reliability theory’ conditions on the repair and operating distributions, the optimal replacement problem is first solved in a finite horizon setting and then extensions are given to the infinite horizon case. Copyright Physica-Verlag 1997

Keywords: Failure systems; NBUE; IFR; optimal replacement rules (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1007/BF01194252

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