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On systems with shared resources and optimal switching strategies

Author

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  • Maxim S. Finkelstein

    (Max Planck Institute for Demographic Research, Rostock, Germany)

Abstract

Simple series systems of identical components with spare parts are considered. It is shown that the cumulative distribution function of a system failure time tends to a step function as the number of components increases and resources can be shared. An example of ‘continuous resources’ is also described. The time-sharing strategy for standby systems is investigated. It is proved that an optimal rule for a system of standby components with increasing failure rates is the single switching performed at t/2 , where t is a mission time.

Suggested Citation

  • Maxim S. Finkelstein, 2008. "On systems with shared resources and optimal switching strategies," MPIDR Working Papers WP-2008-025, Max Planck Institute for Demographic Research, Rostock, Germany.
    • Handle: RePEc:dem:wpaper:wp-2008-025
    DOI: 10.4054/MPIDR-WP-2008-025
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    References listed on IDEAS

    as
    1. Maxim Finkelstein, 2008. "Failure Rate Modelling for Reliability and Risk," Springer Series in Reliability Engineering, Springer, number 978-1-84800-986-8, February.
    2. Anatoli Yashin & Ivan Iachine & Alexander Begun, 2000. "Mortality modeling: A review," Mathematical Population Studies, Taylor & Francis Journals, vol. 8(4), pages 305-332.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • Z0 - Other Special Topics - - General

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