OPTIMUM AGE REPLACEMENT OF A SYSTEM SUBJECT TO SHOCKS WITH RANDOM LEAD TIME

Authors
SHEU SH
Citation
Sh. Sheu, OPTIMUM AGE REPLACEMENT OF A SYSTEM SUBJECT TO SHOCKS WITH RANDOM LEAD TIME, International Journal of Systems Science, 27(12), 1996, pp. 1417-1423
Citations number
22
Categorie Soggetti
System Science","Computer Science Theory & Methods","Operatione Research & Management Science
Journal title
International Journal of Systems Science → ACNP
ISSN journal
00207721
Volume
27
Issue
12
Year of publication
1996
Pages
1417 - 1423
Database
ISI
SICI code
0020-7721(1996)27:12<1417:OAROAS>2.0.ZU;2-K
Abstract
In this paper we consider an age replacement policy of a system subjec t to shocks with number-dependent minimal repair and random lead time. Introducing cost due to ordering, repairs, shortage and holding, we d erive the expected cost per unit time in the long-run as a criterion o f optimality and seek the optimum age replacement policy by minimizing that cost. Various special cases are discussed.