Comparisons of policies based on relevation and replacement by a new one unit in reliability
Félix Belzunce (),
Carolina Martínez-Riquelme (),
José A. Mercader () and
José M. Ruiz ()
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Félix Belzunce: Universidad de Murcia
Carolina Martínez-Riquelme: Universidad de Murcia
José A. Mercader: Universidad Politécnica de Cartagena
José M. Ruiz: Universidad de Murcia
TEST: An Official Journal of the Spanish Society of Statistics and Operations Research, 2021, vol. 30, issue 1, No 13, 227 pages
Abstract:
Abstract The purpose of this paper is to study the role of the relevation transform, where a failed unit is replaced by a used unit with the same age as the failed one, as an alternative to the policy based on the replacement by a new one. In particular, we compare the stochastic processes arising from a policy based on the replacement of a failed unit by a new one and from the one in which the unit is being continuously subjected to a relevation policy. The comparisons depend on the aging properties of the units under repair.
Keywords: Relevation; Replacement; Stochastic order; Dynamic hazard rate order; IFR [DFR]; NBU [NWU]; 60E15; 60G07; 62N05 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:testjl:v:30:y:2021:i:1:d:10.1007_s11749-020-00710-6
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DOI: 10.1007/s11749-020-00710-6
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