Cost‐benefit analysis of a complex system with correlated failures and repairs

Abstract

Studies the cost‐benefit analysis of a complex system consisting of two subsystems for example, A and B, connected in series. Subsystem A is composed of two identical units while subsystem B has only one unit. The system functions if one of the two units of subsystem A and the subsystem B are operative. Assuming a bivariate exponential density for the joint distribution of failure and repair times of the units, obtains various reliability characteristics useful to system managers. Also draws explicit results for the case when failure and repair times are independent.

Citation

Gupta, R. and Ramkishan (1996), "Cost‐benefit analysis of a complex system with correlated failures and repairs", Journal of Quality in Maintenance Engineering, Vol. 2 No. 2, pp. 50-59. https://doi.org/10.1108/13552519610120469