A note on the upper bound and an algorithm for the optimal repair cost under minimal repair

Abstract

Examines optimal cost limits for a Weibull‐distributed time to failure and an exponentially distributed repair‐cost limit policy which minimizes the average cost per unit time for repairs and replacement. Presents numerical examples to illustrate the algorithm.

Citation

Chung, K. (1995), "A note on the upper bound and an algorithm for the optimal repair cost under minimal repair", International Journal of Quality & Reliability Management, Vol. 12 No. 5, pp. 85-88. https://doi.org/10.1108/02656719510090027