On a Discounted Replacement Problem with Arbitrary Repair Time Distribution.
Abstract
The functional equation technique is applied to obtain explicit expressions for the long term total expected discounted cost in replacement problems incorporating the downtime effect associated with the repair state of the failed component. Necessary and sufficient conditions for an optimal replacement policy are obtained and some asymptotic results are derived. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 1972
- Accession Number
- AD0750118
Entities
People
- Boghos D. Sivazlian
Organizations
- University of Florida