Displaying similar documents to “On optimal replacement policy”

A note on the optimal replacement policy

Antonín Lešanovský, Petr Pěnička (1983)

Aplikace matematiky

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A system with a single activated unit, which can be in a finite number of states, is considered. Inspections of the system are carried out at discrete time instants. It is possible to replace it by a new one at these moments. The user of the system, by setting down conditions of replacements, wants to maximize his gain, which does not include the rest value of units. On a numerical example it is shown that the frequency of replacements of the unit need not be the greater the longer is...

Reliability of system with dependent units

Raimi Ajibola Kasumu (1985)

Aplikace matematiky

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The availability of a system with dependent units is obtained in the case where the system fails when one of the essential units fails. Markov model is assumed. The system considered consists of n dependent units of which r n units are essential units. A unit is said to be essential if its failure causes the system to fail. The mean and variance of time to system failure are given. Unit reliability is also discussed.