OPPORTUNISTIC REPLACEMENT OF A SINGLE PART IN THE PRESENCE OF SEVERAL MONITORED PARTS
Abstract
The significance of this memorandum is that it presents a rigorous mathematical proof of the optimality of a class of policies for replacement of a single randomly failing part in the presence of any number of monitored parts. The previously-cited memoranda used these policies in a series of applications, but they did not give the necessary proof of optimality. Since the mathematical proof contained in this memorandum is theoretically important, it willALSO BE PUBLISHED IN A SUITABLE SCIENTIFIC JOURNAL, AND IT IS EXPECTED THAT ITS DISSEMINATION WILL ENCOURAGE FURTHER WORK ON MAINTENANCE POLICIES, COVERING BOTH REPLACEMENT AND INSPECTION, BY THE INCREASING NUMBER OF SCIENTIFIC ORGANIZATIONS CONCERNED WITH THESE LOGISTIC PROBLEMS. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1962
- Accession Number
- AD0289507
Entities
People
- Dale W. Jorgenson
- Roy Radner
Organizations
- RAND Corporation