Repair Replacement Modelling over Finite Time Horizons |
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Authors: | Nat Jack |
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Institution: | 1.Department of Mathematical and Computer Sciences,Dundee Institute of Technology, |
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Abstract: | In this paper an integral equation approach is given for evaluating the expected cost of repair replacement policies over finite time horizons. An asymptotic estimate of this expected cost is also obtained. The policy involving imperfect repair on failure with replacement after N failures is taken as an illustrative example and optimal policies N* are found for both infinite and finite time horizons of use. |
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