Hostname: page-component-74656f9884-g96k6 Total loading time: 0 Render date: 2026-11-09T19:50:23.615Z Has data issue: false hasContentIssue false

Optimal replacement under a general failure model

Published online by Cambridge University Press:  01 July 2016

Bo Bergman*
Affiliation:
Saab-Scania AB, Linkoping and University of Lund

Abstract

Replacement policies based on measurements of some increasing state variable, e.g. wear, accumulated damage or accumulated stress, are studied in this paper. It is assumed that the state measurements may be regarded as realizations of some stochastic process and that the proneness to failure of an active unit may be described by an increasing state-dependent failure rate function. Average long-run cost per unit time is considered. The optimal replacement rule is shown to be a control limit rule, i.e. it is optimal to replace either at failure or when the state variable has reached some threshold value, whichever occurs first. The optimal rule is determined. Some generalizations and special cases are given.

Information

Type
Research Article
Copyright
Copyright © Applied Probability Trust 1978 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Article purchase

Temporarily unavailable