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Age-Based Replacement Policy With Consideration of Production Wait Time.
- Source :
-
IEEE Transactions on Reliability . Mar2016, Vol. 65 Issue 1, p235-247. 13p. - Publication Year :
- 2016
-
Abstract
- In this paper, we consider the replacement of a unit that is subject to a dominant failure mode. The unit is usually replaced by an age-based replacement policy, either when a preset age limit has been reached, or when failure occurs before this limit. However, the unit can also be replaced when it encounters a random production wait and its age has reached a certain threshold. Using such an opportunity for replacement can help to minimize system downtime. We formulate this joint age-based replacement limit and threshold optimization problem with the objective of minimizing the expected cost per unit time in the long run. A real-data example is presented to illustrate the applicability and effectiveness of our model. [ABSTRACT FROM PUBLISHER]
Details
- Language :
- English
- ISSN :
- 00189529
- Volume :
- 65
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- IEEE Transactions on Reliability
- Publication Type :
- Academic Journal
- Accession number :
- 113563021
- Full Text :
- https://doi.org/10.1109/TR.2015.2454507