A unified treatment of single component replacement models
In this paper we discuss a general framework for single component replacement models. This framework is based on the regenerative structure of these models and by using results from renewal theory a unified presentation of the discounted and average finite and infinite horizon cost models is given. Finally, some well-known replacement models are discussed, and making use of the previous results an easy derivation of their cost functions is presented.
|Keywords||cost intensity function, maintenance, renewal theory|
|Persistent URL||dx.doi.org/10.1007/BF01194789, hdl.handle.net/1765/15259|
Frenk, J.B.G., Dekker, R., & Kleijn, M.J.. (1997). A unified treatment of single component replacement models. Mathematical Methods of Operations Research, 45(3), 437–454. doi:10.1007/BF01194789