Optimal age replacement scheduling for a random work system with random lead time

System maintenance and spare parts are two closely related logistics activities since maintenance generates the demand for spare parts. Most studies on integrated models of preventive replacement and inventory of spare parts have focused on age replacement scheduling, while random replacement policy, which is sensible and necessary in practice, is rarely discussed and applied. The purpose of this paper is to present a generalised age replacement policy for a system which works at random time and considers random lead time for replacement delivery. To model an imperfect maintenance action, we consider that the system undergoes minimal repairs at minor failures and corrective replacements at catastrophic failures. Before catastrophic failures, the system is replaced preventively at age T or at the completion of a working time, whichever occurs first. The main objective is to determine an optimal schedule of age replacement that minimises the mean cost rate function of the system in a finite time horizon. The existence and uniqueness of optimal replacement policy are derived analytically and computed numerically. It can be seen that the proposed model is a generalisation of the previous works in maintenance theory.