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Optimal Age and Block Replacement for a General Maintenance Model

Published online by Cambridge University Press:  27 July 2009

C. S. Chen  and
Thomas H. Savits
C. S. Chen
Affiliation:
Department of Mathematics and Statistics University of Pittsburgh, Pittsburgh, Pennsylvania 15260
Thomas H. Savits
Affiliation:
Department of Mathematics and Statistics University of Pittsburgh, Pittsburgh, Pennsylvania 15260
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Abstract

We continue the study of our general cost structure for a maintained system. Here we focus on the optimization questions for an age or block policy. The notion of a marginal cost function is rigorously formulated and its utility investigated. Various applications are considered, including a new model in which minimal repairs are performed as long as the total accumulated repair costs do not exceed a fixed amount.

Type
Articles
Information
Probability in the Engineering and Informational Sciences , Volume 6 , Issue 1 , January 1992 , pp. 81 - 98
Copyright
Copyright © Cambridge University Press 1992

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