IDEAS home Printed from https://ideas.repec.org/a/wly/navres/v39y1992i2p175-190.html
   My bibliography  Save this article

Opportunity‐based age replacement: Exponentially distributed times between opportunities

Author

Listed:
  • Rommert Dekker
  • Matthijs C. Dijkstra

Abstract

This article gives a full analysis of a component‐replacement model in which preventive replacements are only possible at maintenance opportunities. These opportunities arise according to a Poisson process, independently of failures of the component. Conditions for the existence of a unique average optimal control limit policy are established and an equation characterizing the optimal policy and minimal average costs is derived. An important result is that the optimal policy can be described as a so‐called one‐opportunity‐look‐ahead policy. Such policies play an important role as heuristics in more general models. It is shown that there is a correspondence with the well‐known age‐replacement model, which can be considered as an extreme case of the model. Finally, some numerical results are given.

Suggested Citation

  • Rommert Dekker & Matthijs C. Dijkstra, 1992. "Opportunity‐based age replacement: Exponentially distributed times between opportunities," Naval Research Logistics (NRL), John Wiley & Sons, vol. 39(2), pages 175-190, March.
    • Handle: RePEc:wly:navres:v:39:y:1992:i:2:p:175-190
    DOI: 10.1002/1520-6750(199203)39:23.0.CO;2-Y
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/1520-6750(199203)39:23.0.CO;2-Y
    Download Restriction: no
    File URL: https://libkey.io/10.1002/1520-6750(199203)39:23.0.CO;2-Y?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
    ---><---

    References listed on IDEAS

    as
    1. Menachem Berg, 1978. "General trigger‐off replacement procedures for two‐unit systems," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 25(1), pages 15-29, March.
    2. Dekker, Rommert & Smeitink, Eric, 1991. "Opportunity-based block replacement," European Journal of Operational Research, Elsevier, vol. 53(1), pages 46-63, July.
    3. Vanneste, S.G., 1991. "A Markov model for opportunity maintenance," Research Memorandum FEW 476, Tilburg University, School of Economics and Management.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Zheng, Junjun & Okamura, Hiroyuki & Dohi, Tadashi, 2021. "Age replacement with Markovian opportunity process," Reliability Engineering and System Safety, Elsevier, vol. 216(C).
    2. Wu, Jing & Qian, Cunhua & Dohi, Tadashi, 2024. "Optimal opportunity-based age replacement policies in discrete time," Reliability Engineering and System Safety, Elsevier, vol. 241(C).
    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. D Venkat & F P A Coolen & P Coolen-Schrijner, 2010. "Extended opportunity-based age replacement with a one-cycle criterion," Journal of Risk and Reliability, , vol. 224(1), pages 55-62, March.
    5. P Coolen-Schrijner & F. P. A. Coolen, 2006. "On Optimality Criteria for Age Replacement," Journal of Risk and Reliability, , vol. 220(1), pages 21-29, June.
    6. Jiang, R., 2018. "Performance evaluation of seven optimization models of age replacement policy," Reliability Engineering and System Safety, Elsevier, vol. 180(C), pages 302-311.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wu, Jing & Qian, Cunhua & Dohi, Tadashi, 2024. "Optimal opportunity-based age replacement policies in discrete time," Reliability Engineering and System Safety, Elsevier, vol. 241(C).
    2. Rommert Dekker & Eric Smeitink, 1994. "Preventive maintenance at opportunities of restricted duration," Naval Research Logistics (NRL), John Wiley & Sons, vol. 41(3), pages 335-353, April.
    3. Zheng, Junjun & Okamura, Hiroyuki & Dohi, Tadashi, 2021. "Age replacement with Markovian opportunity process," Reliability Engineering and System Safety, Elsevier, vol. 216(C).
    4. Dekker, Rommert, 1995. "Integrating optimisation, priority setting, planning and combining of maintenance activities," European Journal of Operational Research, Elsevier, vol. 82(2), pages 225-240, April.
    5. Scarf, P.A. & Cavalcante, C.A.V. & Lopes, R.S., 2019. "Delay-time modelling of a critical system subject to random inspections," European Journal of Operational Research, Elsevier, vol. 278(3), pages 772-782.
    6. Hans Frenk & Rommert Dekker & Marcel Kleijn, 1997. "A unified treatment of single component replacement models," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 45(3), pages 437-454, October.
    7. Rommert Dekker & Ralph Wildeman & Frank Duyn Schouten, 1997. "A review of multi-component maintenance models with economic dependence," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 45(3), pages 411-435, October.
    8. Budai-Balke, G. & Dekker, R. & Nicolai, R.P., 2006. "A review of planning models for maintenance and production," Econometric Institute Research Papers EI 2006-44, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    9. Berg, Menachem P., 1995. "The marginal cost analysis and its application to repair and replacement policies," European Journal of Operational Research, Elsevier, vol. 82(2), pages 214-224, April.
    10. Bedford, Tim & Dewan, Isha & Meilijson, Isaac & Zitrou, Athena, 2011. "The signal model: A model for competing risks of opportunistic maintenance," European Journal of Operational Research, Elsevier, vol. 214(3), pages 665-673, November.
    11. Wang, Hongzhou, 2002. "A survey of maintenance policies of deteriorating systems," European Journal of Operational Research, Elsevier, vol. 139(3), pages 469-489, June.
    12. van Dijkhuizen, Gerhard C. & van Harten, Aart, 1998. "Two-stage generalized age maintenance of a queue-like production system," European Journal of Operational Research, Elsevier, vol. 108(2), pages 363-378, July.
    13. 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.
    14. Cavalcante, C.A.V. & Lopes, R.S. & Scarf, P.A., 2018. "A general inspection and opportunistic replacement policy for one-component systems of variable quality," European Journal of Operational Research, Elsevier, vol. 266(3), pages 911-919.
    15. Vu, Hai Canh & Do, Phuc & Fouladirad, Mitra & Grall, Antoine, 2020. "Dynamic opportunistic maintenance planning for multi-component redundant systems with various types of opportunities," Reliability Engineering and System Safety, Elsevier, vol. 198(C).
    16. Berrade, M.D. & Scarf, P.A. & Cavalcante, C.A.V., 2017. "A study of postponed replacement in a delay time model," Reliability Engineering and System Safety, Elsevier, vol. 168(C), pages 70-79.
    17. Taghipour, Sharareh & Banjevic, Dragan, 2012. "Optimal inspection of a complex system subject to periodic and opportunistic inspections and preventive replacements," European Journal of Operational Research, Elsevier, vol. 220(3), pages 649-660.
    18. Cavalcante, Cristiano A.V. & Lopes, Rodrigo S. & Scarf, Philip A., 2021. "Inspection and replacement policy with a fixed periodic schedule," Reliability Engineering and System Safety, Elsevier, vol. 208(C).
    19. Dekker, Rommert & Roelvink, Ingrid F. K., 1995. "Marginal cost criteria for preventive replacement of a group of components," European Journal of Operational Research, Elsevier, vol. 84(2), pages 467-480, July.

    More about this item

    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:wly:navres:v:39:y:1992:i:2:p:175-190. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)1520-6750 .

    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.