Optimal replacement strategies for repairable systems |
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| Authors: | Frans A Boshuizen |
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| Institution: | (1) ING Bank, P.O. Box 1800, 1000 BV Amsterdam, The Netherlands |
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| Abstract: | This paper considers repair-replacement models introduced by Lam Yeh 6] and 7], and Stadje and Zuckerman 9]. Without imposing  reliability theory conditions on the repair and operating distributions, the optimal replacement problem is first solved in a finite horizon setting and then extensions are given to the infinite horizon case. |
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| Keywords: | Failure systems NBUE IFR optimal replacement rules |
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