Optimal Replacement of Damaged Devices.

Abstract

Suppose that a device is subject to a sequence of shocks occurring randomly at times n = 1, 2,..., according to a Poisson distribution. Shocks cause damage and damages accumulate additively. The device can be replaced before or at failure. The cost of replacement before failure depends on the cumulative damage at replacement time. Cost of replacement at failure is assumed to be a constant. In this paper we derive the optimal replacement policy for such devices using the long run average cost criterion. (Author)

Document Details

Document Type
Technical Report
Publication Date
Jul 01, 1976
Accession Number
ADA029244

Entities

People

  • I. N. Shimi
  • M. Abdel-hameed

Organizations

  • University of North Carolina at Charlotte

Tags

DTIC Thesaurus Topics

  • Sequences

Readers

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