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The Lorenz Transform approach to the Optimal Repair-Cost limit remplacement Policy with Imperfect Repair
Published online by Cambridge University Press: 15 August 2002
Abstract
In this paper, we consider a repair-cost limit replacement problem with imperfect repair and develop a graphical method to determine the optimal repair-cost limit which minimizes the expected cost per unit time in the steady-state, using the Lorenz transform of the underlying repair-cost distribution function. The method proposed can be applied to an estimation problem of the optimal repair-cost limit from empirical repair-cost data. Numerical examples are devoted to examine asymptotic properties of the non-parametric estimator for the optimal repair-cost limit.
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- © EDP Sciences, 2001
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