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Age replacement policy based on imperfect repair with random probability

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  • Lim, J.H.
  • Qu, Jian
  • Zuo, Ming J.

Abstract

In most of literatures of age replacement policy, failures before planned replacement age can be either minimally repaired or perfectly repaired based on the types of failures, cost for repairs and so on. In this paper, we propose age replacement policy based on imperfect repair with random probability. The proposed policy incorporates the case that such intermittent failure can be either minimally repaired or perfectly repaired with random probabilities. The mathematical formulas of the expected cost rate per unit time are derived for both the infinite-horizon case and the one-replacement-cycle case. For each case, we show that the optimal replacement age exists and is finite.

Suggested Citation

  • Lim, J.H. & Qu, Jian & Zuo, Ming J., 2016. "Age replacement policy based on imperfect repair with random probability," Reliability Engineering and System Safety, Elsevier, vol. 149(C), pages 24-33.
    • Handle: RePEc:eee:reensy:v:149:y:2016:i:c:p:24-33
    DOI: 10.1016/j.ress.2015.10.020
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    References listed on IDEAS

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    5. Chien, Yu-Hung & Sheu, Shey-Huei, 2006. "Extended optimal age-replacement policy with minimal repair of a system subject to shocks," European Journal of Operational Research, Elsevier, vol. 174(1), pages 169-181, October.
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    Cited by:

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    2. Safaei, Fatemeh & Ahmadi, Jafar & Balakrishnan, N., 2019. "A repair and replacement policy for repairable systems based on probability and mean of profits," Reliability Engineering and System Safety, Elsevier, vol. 183(C), pages 143-152.
    3. Junyuan Wang & Jimin Ye & Qianru Ma & Pengfei Xie, 2022. "An extended geometric process repairable model with its repairman having vacation," Annals of Operations Research, Springer, vol. 311(1), pages 401-415, April.
    4. Zhao, Xufeng & Al-Khalifa, Khalifa N. & Magid Hamouda, Abdel & Nakagawa, Toshio, 2017. "Age replacement models: A summary with new perspectives and methods," Reliability Engineering and System Safety, Elsevier, vol. 161(C), pages 95-105.
    5. Tsai, Hsin-Nan & Sheu, Shey-Huei & Zhang, Zhe George, 2017. "A trivariate optimal replacement policy for a deteriorating system based on cumulative damage and inspections," Reliability Engineering and System Safety, Elsevier, vol. 160(C), pages 74-88.
    6. Gia-Shie Liu, 2019. "A Group Replacement Decision Support System Based on Internet of Things," Mathematics, MDPI, vol. 7(9), pages 1-23, September.
    7. Zheng, Junjun & Okamura, Hiroyuki & Dohi, Tadashi, 2021. "Age replacement with Markovian opportunity process," Reliability Engineering and System Safety, Elsevier, vol. 216(C).
    8. Tsai, Hsin-Nan & Sheu, Shey-Huei & Zhang, Zhe George, 2017. "A trivariate optimal replacement policy for a deteriorating system based on cumulative damage and inspections," Reliability Engineering and System Safety, Elsevier, vol. 160(C), pages 122-135.
    9. Junyuan Wang & Jimin Ye, 2022. "A new repair model and its optimization for cold standby system," Operational Research, Springer, vol. 22(1), pages 105-122, March.
    10. Ji Hwan Cha & Maxim Finkelstein, 2019. "Optimal preventive maintenance for systems having a continuous output and operating in a random environment," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 27(2), pages 327-350, July.
    11. Sheu, Shey-Huei & Liu, Tzu-Hsin & Sheu, Wei-Teng & Zhang, Zhe-George & Ke, Jau-Chuan, 2021. "Optimal replacement policy with replacement last under cumulative damage models," Reliability Engineering and System Safety, Elsevier, vol. 209(C).
    12. de Jonge, Bram & Scarf, Philip A., 2020. "A review on maintenance optimization," European Journal of Operational Research, Elsevier, vol. 285(3), pages 805-824.
    13. Maxim Finkelstein & Mahmood Shafiee, 2017. "Preventive maintenance for systems with repairable minor failures," Journal of Risk and Reliability, , vol. 231(2), pages 101-108, April.

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