Article ID: | iaor2005897 |
Country: | Germany |
Volume: | 58 |
Issue: | 2 |
Start Page Number: | 247 |
End Page Number: | 258 |
Publication Date: | Jan 2003 |
Journal: | Mathematical Methods of Operations Research (Heidelberg) |
Authors: | Pearn W.L., Wang K.-H. |
Keywords: | cost benefit analysis, markov processes |
This paper deals with the cost benefit analysis of series systems with warm standby components. The time-to-repair and the time-to-failure for each of the primary and warm standby components is assumed to have the negative exponential distribution. We develop the explicit expressions for the mean time-to-failure, MTTF, and the steady-state availability,