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Maintenance policies when failure distribution of equipment is only partially known

Z. Kander and A. Raviv

Naval Research Logistics Quarterly, 1974, vol. 21, issue 3, 419-429

Abstract: An optimal schedule for checking an equipment subject to failure which can be detected by inspection only, is derived. Increasing failure rate and one percentile specify the otherwise unknown life distribution. Dynamic programming methodology yields the solution which minimizes the maximum expected cost. Numerical examples are presented and compared with models employing differing amounts of knowledge.

Date: 1974
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https://doi.org/10.1002/nav.3800210305

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:21:y:1974:i:3:p:419-429

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