An optimal proportion of perfect repair

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Article ID:	iaor20051191
Country:	Netherlands
Volume:	25
Issue:	3
Start Page Number:	147
End Page Number:	148
Publication Date:	Oct 1999
Journal:	Operations Research Letters
Authors:	Lee Eui Yong, Lee Jiyeon
Keywords:	probability

Abstract:

At each failure of a system, with probability p it is perfectly repaired, and with probability 1 − p it is restored to its condition just prior to failure. It is shown that there exists a unique p minimizing the long-run repair cost, provided the failure time distribution of the system has strictly Decreasing Mean Residual Life.

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