Accession Number:

ADA031413

Title:

A Renewal Decision Problem

Descriptive Note:

Research rept.

Corporate Author:

CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER

Report Date:

1976-09-01

Pagination or Media Count:

21.0

Abstract:

A system must operate for t units of time. A certain component is essential for its operation and must be replaced, when it fails, with a new component. The class of spare components is grouped into n categories with components of the ith category costing a positive amount C sub i and functioning for an exponential length of time with rate lambda sub i. The main problem of interest is, for a given t, to assign the initial component and subsequent replacements from among the n categories of spare components so as to minimize the expected cost of providing an operative component for t units of time.

Subject Categories:

  • Administration and Management
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE