Author:
Nakagawa Toshio,Osaki Shunji
Abstract
Replacement theory for equipment has been investigated by several authors. This paper introduces the ‘delay’ time preparing for replacement, derives the expected cost per unit time, and discusses the optimum replacement policies under several conditions. Three special cases are discussed and numerical examples are presented.
Publisher
Cambridge University Press (CUP)
Subject
Statistics, Probability and Uncertainty,General Mathematics,Statistics and Probability
Cited by
45 articles.
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