Scheduling spares with exponential lifetimes in a two‐component parallel system

Gideon Weiss

Naval Research Logistics Quarterly, 1984, vol. 31, issue 3, 431-446

Abstract: A set of n spare components whose life lengths are exponentially distributed with rates μ1, …,μn are available to keep a two‐component parallel system in operation. We derive the optimal order of replacement of failed components in order to maximize the system life length.

Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:31:y:1984:i:3:p:431-446

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