Expected cost comparisons for inspection and repair policies

Expected cost comparisons for inspection and repair policies

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Article ID: iaor19951307
Country: United Kingdom
Volume: 22
Issue: 4
Start Page Number: 383
End Page Number: 390
Publication Date: Apr 1995
Journal: Computers and Operations Research
Authors: ,
Abstract:

An equ1 out of n system is down (at time equ2, say) due to the failure of at least r of its components. Each component is made up of t equally reliable parts assembled in parallel. All parts are assumed to function independently of one another. Three different policies are described for inspecting and repairing the parts of one component after another until all (or some) of the failed components are identified (and fixed). It is assumed that a less reliable part is cheaper to repair than a more reliable one. It is shown that in order to minimize the expected total cost of necessary repairs, for each of the three policies, the weakest component should be inspected first, then the second weakest and so on. It is also shown that the closer the optimal order is followed (in a specific sense described by a partial ordering equ3 on the set of permutations of equ4) the less is the expected cost that will be incurred.

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