Optimum replacement intervals with random time horizon
Journal of Quality in Maintenance Engineering
ISSN: 1355-2511
Article publication date: 1 December 2000
Abstract
An optimization problem to obtain the optimal replacement interval is studied. The system is minimally repaired at failure and is replaced by a new one at age T. The model assumes that the time horizon associated with the number of replacements is random. The total expected cost is calculated, and the optimal replacement interval minimizing the cost is found. A numerical example is used to compare the costs associated with an infinite time line and a random time line, which this model used.
Keywords
Citation
Young Yun, W. and Hyeon Choi, C. (2000), "Optimum replacement intervals with random time horizon", Journal of Quality in Maintenance Engineering, Vol. 6 No. 4, pp. 269-274. https://doi.org/10.1108/13552510010346798
Publisher
:MCB UP Ltd
Copyright © 2000, MCB UP Limited