Please use this identifier to cite or link to this item: http://hdl.handle.net/11717/40
Title: Age Replacement in Simple Systems With Increasing Loss Functions
Authors: Subramanian,R.
Wolff,M.R.
Keywords: RELIABILITY THEORY
INVENTORY CONTROL
Issue Date: 1976
Citation: IEEE Transactions on Reliability,R-25 (1), 32-34
Abstract: Some age replacement policies are investigated and conditions for the unique existence of an optimum policy are derived. The optimum policy is the one which minimizes the expected cost per unit time over an infinite time span or maximizes the proportion of time during which the system is in operation. Losses have been expressed through increasing operating cost, if the objective is to minimize the expected total cost per unit time and through increasing renewal times if the objective is to maximize the availability of the system. ? 1976, IEEE. All rights reserved.
URI: http://dx.doi.org/10.1109/TR.1976.5214948
http://hdl.handle.net/11717/40
ISSN: 189529
Appears in Collections:Articles

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