A Generalized Age-Replacement Model
1992 ◽
Vol 6
(4)
◽
pp. 525-541
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Keyword(s):
Four practically important extensions of the classical age-replacement problem are analyzed using Markov decision theory: (1) opportunity maintenance, (2) imperfect repair, (3) non-zero repair times, and (4) Markov degradation of the working unit. For this general model, we show that the optimal maintenance policy is of the control limit type and that the average costs are a unimodal function of the control limit. An efficient optimization procedure is provided to find the optimal policy and its average costs. The analysis extends and unifies existing results.
2011 ◽
Vol 71-78
◽
pp. 4199-4202
2005 ◽
Vol 20
(1)
◽
pp. 183-193
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1997 ◽
Vol 04
(04)
◽
pp. 357-367
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2001 ◽
Vol 18
(6)
◽
pp. 73-83
Keyword(s):
1982 ◽
Vol 9
(1)
◽
pp. 33-40
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2017 ◽
Vol 112
◽
pp. 147-155
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2010 ◽
Vol 22
(2)
◽
pp. 124-136
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2016 ◽
Vol 7
(3)
◽
pp. 1411-1419
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