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Optimal procedures for stochastically failing equipment

Published online by Cambridge University Press:  14 July 2016

Jon Folkman  and
Sidney Port
Jon Folkman
Affiliation:
The Rand Corporation, Santa Monica, California
Sidney Port
Affiliation:
University of California, Los Angeles
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Extract

When a complex system such as the Apollo vehicle arrives on the Moon, certain parts may no longer function. To restore the system to a working state, these parts must be replaced by new ones; but the vehicle can carry only a limited number of spare parts and must also be able to leave at a specified time after arrival. This paper investigates an abstract (and simplified) version of the problem of the optimal maintenance procedure for such a system. As a bonus of the abstract formulation, the results obtained are applicable to a variety of specific systems.

Type
Research Papers
Information
Journal of Applied Probability , Volume 3 , Issue 2 , December 1966 , pp. 521 - 537
Copyright
Copyright © Applied Probability Trust 

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References

Port, S. C. (1964) Optimal procedures for the installation of a unit subject to stochastic failures. J. Math. Anal. Appl. 9, 491–497.CrossRefGoogle Scholar