Template-Type: ReDIF-Paper 1.0
Author-Name: Frenk, J.B.G.
Author-Name-Last: Frenk
Author-Name-First: Hans
Author-Name: Dekker, R.
Author-Name-Last: Dekker
Author-Name-First: Rommert
Author-Person: pde16
Author-Name: Kleijn, M.J.
Author-Name-Last: Kleijn
Author-Name-First: Marcel
Title: A unified treatment of single component replacement models
Abstract: 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. Moreover, we present sufficient conditions for the numerator of the cost function to have a vanishing singular part. Finally, some well-known replacement models are discussed, and making use of the previous results an easy derivation of their cost functions is presented.
Creation-Date: 1996-01-01
Series: RePEc:ems:eureir
Number: EI 9602-/A
Keywords: Lebesgue integration, intensity cost function, maintenance, renewal theory
Handle: RePEc:ems:eureir:1370