Article ID: | iaor1993102 |
Country: | United States |
Volume: | 39 |
Issue: | 5 |
Start Page Number: | 685 |
End Page Number: | 697 |
Publication Date: | Aug 1992 |
Journal: | Naval Research Logistics |
Authors: | So Kut C. |
Keywords: | maintenance, repair & replacement |
The paper studies a class of replacement models for systems subject to deterioration. The objective is to determine an optimal replacement policy that minimizes the average operating costs of the system. The paper uses a parametric analysis to establish sufficient conditions for the optimality of control limit policies. This work generalizes several existing results for optimal replacement models in the literature.