A general approach to total repair cost limit replacement policies
A common replacement policy for technical systems consists in replacing a system by a new one after its economic lifetime, i.e. at that moment when its long-run maintenance cost rate is minimal. However, the strict application of the economic lifetime does not take into account the individual deviat...
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| Format: | Article |
| Language: | English |
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Operations Research Society of South Africa (ORSSA)
2014-01-01
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| Series: | ORiON |
| Online Access: | http://orion.journals.ac.za/pub/article/view/417 |