2011
DOI: 10.1007/s10479-011-0864-9
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Optimal age-replacement time with minimal repair based on cumulative repair-cost limit for a system subject to shocks

Abstract: An operating system is subject to random shocks that arrive according to a nonhomogeneous Poisson process and cause the system failed. System failures experience to be divided into two categories: a type-I failure (minor), rectified by a minimal repair; or a type-II failure (catastrophic) that calls for a replacement. An age-replacement model is studied by considering both a cumulative repair-cost limit and a system's entire repair-cost history. Under such a policy, the system is replaced at age T , or at the … Show more

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Cited by 21 publications
(8 citation statements)
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“…The corresponding results obtained from them are given and shown in Figures 14(a) and 14(b), from which we can observe that there is a slight difference between them. More specifically, the optimal solutions from the analytical model (see (16)) are * = 42 days and * = 3 with the minimal expected cost per unit time, 0.9949; meanwhile, the decision variables optimized by the simulation algorithm designed in Figure 13 are also * = 42 days and * = 3 but with a different minimal expected cost per unit time, 0.9937. Obviously, the proposed simulation algorithm can be applied to optimize the joint policy of inspection-based PM and spare ordering.…”
Section: Results and Analysis Of Model I From Different Methodsmentioning
confidence: 99%
See 2 more Smart Citations
“…The corresponding results obtained from them are given and shown in Figures 14(a) and 14(b), from which we can observe that there is a slight difference between them. More specifically, the optimal solutions from the analytical model (see (16)) are * = 42 days and * = 3 with the minimal expected cost per unit time, 0.9949; meanwhile, the decision variables optimized by the simulation algorithm designed in Figure 13 are also * = 42 days and * = 3 but with a different minimal expected cost per unit time, 0.9937. Obviously, the proposed simulation algorithm can be applied to optimize the joint policy of inspection-based PM and spare ordering.…”
Section: Results and Analysis Of Model I From Different Methodsmentioning
confidence: 99%
“…This section presents and models an integrated inspectionbased PM policy and spare ordering provisioning policy, in which an assumption that the regular order is placed when the system begins to operate, that is, the initial time "0", is considered for comparison with the presented model in (16). We can conclude from this assumption that the spare must have been definitely ordered when needed; thus an emergency order due to the absence of a regular order for replenishment is not mentioned in this model.…”
Section: Optimization Model IImentioning
confidence: 99%
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“…Discrete-time replacement models assume that the unknown lifetime of assets is integer (Hartman 2000;Kusaka and Suzuki 1990;Mehrez et al 2000;Regnier et al 2004;Rogers and Hartman 2005;Sheu et al 2011). The continuous models (e.g., Bethuyne 1998;Grinyer 1973;Yatsenko and Hritonenko 2008) are not restricted to this requirement.…”
Section: Continuous and Discrete Time Modelsmentioning
confidence: 99%
“…Several models (Hopp and Nair 1991;Mehrez et al 2000;Rajagopalan et al 1998;Sheu et al 2011) assume the stochastic appearance of such shocks (with random instants or sizes). The shocks can positive as the arrival of new better assets in Kusaka and Suzuki (1990), Hopp and Nair (1991), Mehrez et al (2000), Rogers and Hartman (2005) or negative as system failures in Sheu et al (2011). The deterministic replacement with periodic shocks on the background of continuous technological development is considered by Rogers and Hartman (2005).…”
Section: Continuous and Discontinuous Technological Developmentmentioning
confidence: 99%