Accession Number:

ADA027722

Title:

Optimal Replacement Policies for Devices Subject to a Gamma Wear Process.

Descriptive Note:

Technical rept.,

Corporate Author:

NORTH CAROLINA UNIV AT CHARLOTTE DEPT OF MATHEMATICS

Personal Author(s):

Report Date:

1976-06-01

Pagination or Media Count:

21.0

Abstract:

Suppose that a device is subject to wear occurring randomly in time as a gamma process the set Xt, t or 0. Let zeta be the life length of the device. The device can be replaced before or at failure. In this paper the author gives a form of an optimal replacement policy that minimizes the expected replacement cost per unit time. Discrete version of the above results is also considered.

Subject Categories:

  • Statistics and Probability
  • Manufacturing and Industrial Engineering and Control of Production Systems

Distribution Statement:

APPROVED FOR PUBLIC RELEASE