Optimal Replacement Policies for Devices Subject to a Gamma Wear Process.
Abstract
Suppose that a device is subject to wear occurring randomly in time as a gamma process the set (X(t), t > or = 0). Let zeta be the life length of the device. The device can be replaced before or at failure. In this paper the author gives a form of an optimal replacement policy that minimizes the expected replacement cost per unit time. Discrete version of the above results is also considered.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1976
- Accession Number
- ADA027722
Entities
People
- M. Abdel-hameed
Organizations
- University of North Carolina at Charlotte