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Optimal Replacement Policy Based on the Number of Down Times
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David D. Hanagal
Published/Copyright:
August 11, 2010
Abstract
In this paper a cold standby system consisting of two identical components (first component in working state and second one in the cold standby state) and one repairman is studied. A replacement policy is considered which is based on the number of down times in a renewal cycle. The problem is to determine an optimal policy with respect to the the long run reward per unit time. An explicit expression of the long run reward per unit time is derived and illustrated by a numerical example.
Keywords.: Replacement policy; cold standby system; number of down times; renewal reward theorem; repair rate; negative binomial distribution
Received: 2010-03-17
Published Online: 2010-08-11
Published in Print: 2010-April
© de Gruyter 2010
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Keywords for this article
Replacement policy;
cold standby system;
number of down times;
renewal reward theorem;
repair rate;
negative binomial distribution
Articles in the same Issue
- Editorial
- Optimal Replacement Policy Based on the Number of Down Times
- An L-Banded Approximation to the Inverse of Symmetric Toeplitz Matrices
- Selection of Mixed Sampling Plans for Second Quality Lots
- On New Perspectives for Statistical Computing in Business and Industry – A Solution with STATISTICA and R
- Reliability Analysis of k-out-of-n : G Repairable Shared Load Systems with Multiple Failures and Preventive Maintenance
- Monitoring the Parameters of the Market Model by Linear Profile Procedures
- An Addendum to the Estimators of Murthy–Sarma and Anis–Pandey of the Mean of the Normal Distribution
- A Bounded Intensity Process Reliability Growth Model in a Bayes-Decision Framework
- Optimal Structure in Heterogeneous Multi-state Series-parallel Reliability Systems
