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A discounted cost relationship

Author

Listed:
  • Chen, C. S.
  • Savits, Thomas H.

Abstract

In [3]. J. Appl. Probab.4, in press) a very general cost mechanism for a maintained system was considered. There he established a relationship between the expected long run cost per unit time for the age and block maintenance policies. In the present paper a similar relationship is obtained for the expected total [alpha]-discounted cost.

Suggested Citation

  • Chen, C. S. & Savits, Thomas H., 1988. "A discounted cost relationship," Journal of Multivariate Analysis, Elsevier, vol. 27(1), pages 105-115, October.
    • Handle: RePEc:eee:jmvana:v:27:y:1988:i:1:p:105-115
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    Cited by:

    1. José Edmundo de Almeida Pais & Hugo D. N. Raposo & José Torres Farinha & Antonio J. Marques Cardoso & Pedro Alexandre Marques, 2021. "Optimizing the Life Cycle of Physical Assets through an Integrated Life Cycle Assessment Method," Energies, MDPI, vol. 14(19), pages 1-24, September.
    2. Sheu, Shey-Huei & Chang, Chin-Chih & Zhang, Zhe George & Chien, Yu-Hung, 2012. "A note on replacement policy for a system subject to non-homogeneous pure birth shocks," European Journal of Operational Research, Elsevier, vol. 216(2), pages 503-508.
    3. Jing Wu & Cunhua Qian & Tadashi Dohi, 2024. "A Net Present Value Analysis of Opportunity-Based Age Replacement Models in Discrete Time," Mathematics, MDPI, vol. 12(10), pages 1-23, May.
    4. Sheu, Shey-Huei, 1998. "A generalized age and block replacement of a system subject to shocks," European Journal of Operational Research, Elsevier, vol. 108(2), pages 345-362, July.

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