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Optimal replacement for self-repairing shock models by general failure rate
Published online by Cambridge University Press: 14 July 2016
Abstract
A device is subject to a series of shocks which cause damage and eventually failure will occur at the time of arrival of one of the shocks. In between the shocks, the device is partially repaired as the cumulative damage decreases as some Markov process. The device must be replaced upon failure at some cost but it can also be replaced before failure at a lower cost. We consider the general case where the failure rate need not be increasing and replacement can be made at any time. The form of the optimal replacement policy is found and fairly general conditions are given for which a control limit policy is optimal.
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- Copyright © Applied Probability Trust 1984
Footnotes
Research carried out while this author was visiting the Department of Statistics, University of Haifa.
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