Title :
Two new replacement policies
Author_Institution :
Dept. of Math., Northern Illinois Univ., DeKalb, IL, USA
fDate :
3/1/1993 12:00:00 AM
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
Keywords :
maintenance engineering; reliability theory; average lifetime; global policy; local policy; reliability; replacement policies; unit cost of repair; Batteries; Capacitors; Cost function; Electronic equipment; Ignition; Maintenance; Reliability theory; Resistors; TV; Tuners;
Journal_Title :
Reliability, IEEE Transactions on
