Accession Number:

ADA051653

Title:

A Dyadic Age-Replacement Policy for a Periodically Inspected Equipment Item Subject to Random Deterioration

Descriptive Note:

Research rept.

Corporate Author:

FLORIDA UNIV GAINESVILLE DEPT OF INDUSTRIAL AND SYSTEMS ENGINEERING

Report Date:

1977-07-01

Pagination or Media Count:

30.0

Abstract:

A periodic review replacement system is considered. The amount of deterioration over successive periods form a sequence of i.i.d. random variables. A replacement policy of the dyadic type is in effect whereby the used equipment item is discarded and immediately replaced by a new identical equipment item if at the end of a period the old equipment has service aged by an amount in excess of S or has been in operation for exactly N periods whichever comes first. Expressions for the joint distribution of the service age and the chronological age and for the distribution of the total number N sub t of replacements are derived. The derivation of the distribution function of N sub t relies on the solution to a system of linear Diophantine equations. Finally, using as criterion the minimization of the total steady-state expected cost per period, consisting of a fixed replacement cost and a linear cost of operation, optimal values of S and N are computed for a few numerical examples.

Subject Categories:

  • Statistics and Probability

Distribution Statement:

APPROVED FOR PUBLIC RELEASE