Abstract
AbstractIn some practical situations, it would be impossible to conduct a replacement action for an operating system during the middle of a job and might be wise to wait until the completion of its operation. First, this paper considers age replacement policies for a system, which continuously works for multiple jobs with random working times. Next, the system can undergo minimal repairs upon failures and is replaced at the first completion of the working time over a planned time T. Finally, when a job incurs some damage to the system, the replacement model over time T is applied. The expected cost rates for these modified models are derived, and the optimal maintenance policies, which minimize the expected cost rates are obtained analytically. Copyright © 2012 John Wiley & Sons, Ltd.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Applied Stochastic Models in Business and Industry
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
