Two new replacement policies

descriptionPublicationkeyboard_double_arrow_right Article 01 Mar 1993Publisher:Institute of Electrical and Electronics Engineers (IEEE)Journal:IEEE Transactions on Reliability, volume 42, pages 141-147 (issn: 0018-9529,

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Authors: Ebrahimi, Nader;

doi: 10.1109/24.210286

Two new replacement policies

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Abstract

Two replacement policies that can be used in deciding whether one should replace or repair a system are investigated. The first is a local policy where a decision is made based on average lifetime per unit cost of repair. The second is a global policy. Mathematical properties of these policies are developed, and some examples show that the two policies can yield different decisions under the same circumstances. >

Related Organizations

Northern Illinois University
United States
Northwestern University
United States

Keywords

Reliability, availability, maintenance, inspection in operations research

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