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Random Age Replacement Policies

In: Random Maintenance Policies

Author

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  • Toshio Nakagawa

    (Aichi Institute of Technology)

Abstract

It is well known in reliability theory: (1) When the failure time is exponential, an operating unit should be replaced only at failure and (2) an optimum age replacement is nonrandom [1, p. 86].

Suggested Citation

  • Toshio Nakagawa, 2014. "Random Age Replacement Policies," Springer Series in Reliability Engineering, in: Random Maintenance Policies, edition 127, chapter 0, pages 19-51, Springer.
    • Handle: RePEc:spr:ssrchp:978-1-4471-6575-0_2
    DOI: 10.1007/978-1-4471-6575-0_2
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