A unified treatment of single component replacement models
October 1997
Article
volume 45, issue 3 pp 437-454.
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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
Automatically Extracted Terms
- function
- replacement
- model
- component
- process
- repair
- distribution
- theorem
- lemma
- time t
- right
- renewal
- maintenance
- policy
- age t
- result
- distribution function f
- replacement models
- research
- failure
