Multivariate age replacement

Multivariate age replacement

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Article ID: iaor1999495
Country: United Kingdom
Volume: 34
Issue: 4
Start Page Number: 1032
End Page Number: 1040
Publication Date: Dec 1997
Journal: Journal of Applied Probability
Authors:
Keywords: maintenance, repair & replacement
Abstract:

Age replacement policy is commonly used in order to reduce the number of in-service failures. In this paper we define a multivariate version of this policy and develop some of its desirable properties. We also obtain an optimal age replacement policy.

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