A Replacement Policy for Components of a Pure Series System Utilizing One Component as an Indicator of Replacement Time.
DARCOM INTERN TRAINING CENTER TEXARKANA TEX
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The purpose of this paper is to develop a replacement policy. The policy will be for systems consisting of N independently failing subsystems in a series configuration. The decision to replace a component of the system will be determined by a certain number of failures of another component in the system. This paper offers general equations adaptable for different time to failure distributions and it contains a specific example. The specific example is done showing all mathematical developments and results are given in tabular form. Finally, the replacement policy derived in the paper is compared to a more conventional replacement policy and the results show that the developed replacement policys relative cost is approximately the same as the optimal solution. Author
- Statistics and Probability