Affiliation:
1. Department of Business Administration, Aichi Institute of Technology, Toyota 470-0392, Japan
2. College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing 211106, P. R. China
Abstract
In this paper, we propose a computing algorithm to obtain optimal checking times which minimize the expected cost rate of sequential inspection models. This algorithm is applied to two modified inspection models with finite intervals such that the unit is checked at times [Formula: see text] ([Formula: see text]) for given [Formula: see text] and given [Formula: see text]. The modified algorithms are proposed and optimal checking times to minimize the expected cost rates are obtained. Numerical examples of each model are given to show how to use the algorithm. This method would be applied to other sequential inspection models by its suitable modifications.
Publisher
World Scientific Pub Co Pte Ltd
Subject
Electrical and Electronic Engineering,Industrial and Manufacturing Engineering,Energy Engineering and Power Technology,Aerospace Engineering,Safety, Risk, Reliability and Quality,Nuclear Energy and Engineering,General Computer Science
Cited by
3 articles.
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