TTT transforms and age replacements with discounted costs

• The ordinary age replacement problem consists of finding an optimal age at which a unit, needed in a continuous production process, should be replaced in order to minimize the average long-run cost per unit time. Bergman introduced a graphical procedure based on the total-time-on-test (TTT) concept for the analysis of the age replacement problem. In this article, that idea is generalized to the situation of discounted costs. We also study a more general age replacement problem in which we have a form of imperfect repair.

Subject headings

TEKNIK OCH TEKNOLOGIER  -- Maskinteknik -- Tillförlitlighets- och kvalitetsteknik (hsv//swe)

ENGINEERING AND TECHNOLOGY  -- Mechanical Engineering -- Reliability and Maintenance (hsv//eng)

Keyword

Kvalitetsteknik

Quality Technology & Management

Publication and Content Type

ref (subject category)

art (subject category)