On systems with shared resources and optimal switching strategies

Maxim S. Finkelstein
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Maxim S. Finkelstein: Max Planck Institute for Demographic Research, Rostock, Germany

No WP-2008-025, MPIDR Working Papers from Max Planck Institute for Demographic Research, Rostock, Germany

Abstract: Simple series systems of identical components with spare parts are considered. It is shown that the cumulative distribution function of a system failure time tends to a step function as the number of components increases and resources can be shared. An example of ‘continuous resources’ is also described. The time-sharing strategy for standby systems is investigated. It is proved that an optimal rule for a system of standby components with increasing failure rates is the single switching performed at t/2 , where t is a mission time.

JEL-codes: J1 Z0 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:dem:wpaper:wp-2008-025

DOI: 10.4054/MPIDR-WP-2008-025

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