IDEAS home Printed from https://ideas.repec.org/a/inm/ormnsc/v28y1982i11p1304-1312.html
   My bibliography  Save this article

On Optimal Replacement Policies

Author

Listed:
  • D. Assaf

    (Hebrew University of Jerusalem, Israel)

  • B. Levikson

    (University of Haifa, Israel)

Abstract

A system (e.g., a car) must operate for the next t time units. A certain component (e.g., a battery) must be replaced whenever it fails, as it is essential for the operation of the system. There are several types of components differing only in price and life distribution. The problem of choosing the optimal type at any time in which a replacement is needed has previously been studied when all life distributions are exponential. In this paper the results are extended to the case where life distrubutions are arbitrary. Conditions are given under which there is an optimal replacement policy with a special convenient form. Algorithms for the solution of the problem are provided. Examples and related problems are discussed.

Suggested Citation

  • D. Assaf & B. Levikson, 1982. "On Optimal Replacement Policies," Management Science, INFORMS, vol. 28(11), pages 1304-1312, November.
    • Handle: RePEc:inm:ormnsc:v:28:y:1982:i:11:p:1304-1312
    DOI: 10.1287/mnsc.28.11.1304
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/mnsc.28.11.1304
    Download Restriction: no
    File URL: https://libkey.io/10.1287/mnsc.28.11.1304?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hatch, Melanie L. & Badinelli, Ralph D., 1999. "Concurrent optimization in designing for logistics support," European Journal of Operational Research, Elsevier, vol. 115(1), pages 77-97, May.
    2. Jack, Nat & Van der Duyn Schouten, Frank, 2000. "Optimal repair-replace strategies for a warranted product," International Journal of Production Economics, Elsevier, vol. 67(1), pages 95-100, August.
    3. Bauer, L. & Mumey, G.A. & Lohr, W., 1989. "Economic Replacement Strategies for Dairy Cattle," Project Report Series 232069, University of Alberta, Department of Resource Economics and Environmental Sociology.
    4. Zuo, Ming J. & Liu, Bin & Murthy, D. N. P., 2000. "Replacement-repair policy for multi-state deteriorating products under warranty," European Journal of Operational Research, Elsevier, vol. 123(3), pages 519-530, June.

    More about this item

    Keywords

    reliability; optimal replacement;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:28:y:1982:i:11:p:1304-1312. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.