“…A relevant problem in reliability theory is to determine the optimal replacement policy (under different criteria) for the components in a given system structure. Many results have been obtained under the assumption of independent components (see, eg, Barlow & Proschan, ; Belzunce, Martínez‐Riquelme, & Ruiz, ; Boland & El‐Neweihi, ; Chahkandi et al, ; Boland, El‐Neweihi, & Proschan, ; Li & Ding, ; Natvig, ; Shaked & Shanthikumar, ). Different assumptions have been made for the redundant components.…”