AGE REPLACEMENT WITH DISCOUNTING,

Abstract

In considering age replacement with discounting for known failure distribution, the principal results are for the case when the failure rate is continuous and strictly increasing to infinity. It is also shown what happens for small discount rate. For unknown failure distribution, the author gives the minimax strategy. (Author)

Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1965
Accession Number
AD0617881

Entities

People

  • Bennett Fox

Organizations

  • RAND Corporation

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  • Behavior And Behavior Mechanisms
  • Behavioral Disciplines And Activities
  • Behavioral Sciences
  • California
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  • North America
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