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- W4245859467 abstract "In this paper, a repairable system consisting of one unit and a single repairman is studied. Assume that the system after repair is not as good as new. Under this assumption, a bivariate replacement policy ( T, N ) , where T is the working age and N is the number of failures of the system is studied. The problem is to determine the optimal replacement policy ( T, N )∗such that the long-run average cost per unit time is minimized. The explicit expression of the long-run average cost per unit time is derived, and the corresponding optimal replacement policy can be determined analytically or numerically. Finally, under some conditions, we show that the policy ( T, N ) ∗ is better than policies N∗ or T∗." @default.
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- W4245859467 date "1994-12-01" @default.
- W4245859467 modified "2023-09-25" @default.
- W4245859467 title "A bivariate optimal replacement policy for a repairable system" @default.
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- W4245859467 doi "https://doi.org/10.1017/s0021900200099642" @default.
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