An extended geometric process repair model with delayed repair and slight failure type

Yuan-Lin Zhang and Guan-Jun Wang

Communications in Statistics - Theory and Methods, 2017, vol. 46, issue 1, 427-437

Abstract: This article proposes an extended geometric process repair model to generalize the geometric process repair model and studies a repair-replacement problem for a simple repairable system with delayed repair, based on the failure number N of the system under the new model. An optimal replacement policy N* is determined by maximizing the average reward rate of the system. The explicit expression of the average reward rate is derived, and the uniqueness of the optimal replacement policy N* is also proved. Finally, a numerical example is given to illustrate some theoretical results and the model applicability.

Date: 2017
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Citations: View citations in EconPapers (5)

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DOI: 10.1080/03610926.2014.995824

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