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Optimum Replacement of a System Subject to Shocks

Author

Listed:
  • Philip J. Boland

    (University College Dublin, Belfield, Ireland)

  • Frank Proschan

    (The Florida State University, Tallahassee, Florida)

Abstract

A system is subject to shocks that arrive according to a nonhomogeneous (or homogeneous) Poisson process. Since each shock weakens the system and makes it more expensive to run, it is desirable to determine a replacement policy for the system. We consider the possibility of periodic replacement of the system, and exhibit a necessary and sufficient condition for the existence of an optimal finite period. The problem is investigated for both finite and infinite time horizons. Finally, we study a particular model for a system that fails on the second shock.

Suggested Citation

  • Philip J. Boland & Frank Proschan, 1983. "Optimum Replacement of a System Subject to Shocks," Operations Research, INFORMS, vol. 31(4), pages 697-704, August.
    • Handle: RePEc:inm:oropre:v:31:y:1983:i:4:p:697-704
    DOI: 10.1287/opre.31.4.697
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    Citations

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    Cited by:

    1. Dubi, A., 1998. "Analytic approach & Monte Carlo methods for realistic systems analysis," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 47(2), pages 243-269.
    2. van der Weide, J.A.M. & Pandey, M.D. & van Noortwijk, J.M., 2010. "Discounted cost model for condition-based maintenance optimization," Reliability Engineering and System Safety, Elsevier, vol. 95(3), pages 236-246.
    3. Sheu, Shey-Huei & Griffith, William S., 2002. "Extended block replacement policy with shock models and used items," European Journal of Operational Research, Elsevier, vol. 140(1), pages 50-60, July.
    4. Yu-Hung Chien & Chin-Chih Chang & Shey-Huei Sheu, 2010. "Optimal age-replacement model with age-dependent type of failure and random lead time based on a cumulative repair-cost limit policy," Annals of Operations Research, Springer, vol. 181(1), pages 723-744, December.
    5. 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.
    6. Alfredo García Güemes, 1994. "Un modelo de reemplazamiento para un sistema sujeto a shoks poissonianos," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 1, pages 31-44, Junio.
    7. Chien, Yu-Hung & Sheu, Shey-Huei & Zhang, Zhe George & Love, Ernie, 2006. "An extended optimal replacement model of systems subject to shocks," European Journal of Operational Research, Elsevier, vol. 175(1), pages 399-412, November.
    8. Ciriaco Valdez‐Flores & Richard M. Feldman, 1989. "A survey of preventive maintenance models for stochastically deteriorating single‐unit systems," Naval Research Logistics (NRL), John Wiley & Sons, vol. 36(4), pages 419-446, August.
    9. Shey-Huei Sheu & Chin-Chih Chang & Yu-Hung Chien, 2011. "Optimal age-replacement time with minimal repair based on cumulative repair-cost limit for a system subject to shocks," Annals of Operations Research, Springer, vol. 186(1), pages 317-329, June.
    10. Shey‐Huei Sheu & William S. Griffith, 1996. "Optimal number of minimal repairs before replacement of a system subject to shocks," Naval Research Logistics (NRL), John Wiley & Sons, vol. 43(3), pages 319-333, April.
    11. Sheu, Shey-Huei & Liu, Tzu-Hsin & Zhang, Zhe-George, 2019. "Extended optimal preventive replacement policies with random working cycle," Reliability Engineering and System Safety, Elsevier, vol. 188(C), pages 398-415.
    12. H. W. Block & W. S. Borges & T. H. Savits, 1988. "A general age replacement model with minimal repair," Naval Research Logistics (NRL), John Wiley & Sons, vol. 35(5), pages 365-372, October.

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