Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

Replacement Strategies

P. C. I. Crookes
OR
Vol. 14, No. 2 (Jun., 1963), pp. 167-184
DOI: 10.2307/3007371
Stable URL: http://www.jstor.org/stable/3007371
Page Count: 18
  • Subscribe ($19.50)
  • Cite this Item
Replacement Strategies
Preview not available

Abstract

Components of a system function for a time and then fail. A central problem is to decide whether a strategy of scheduled replacement is preferable to the running of all components until failure. This is considered by comparing some simple strategies for component replacement. Considerations from probability theory and renewal theory are used to obtain expressions for the average cost of replacements per unit time for each strategy. After obtaining some general conditions for one strategy to be preferable to another, a detailed comparison is made when the interfailure times are independent samples from a gamma distribution.

Page Thumbnails

  • Thumbnail: Page 
167
    167
  • Thumbnail: Page 
168
    168
  • Thumbnail: Page 
169
    169
  • Thumbnail: Page 
170
    170
  • Thumbnail: Page 
171
    171
  • Thumbnail: Page 
172
    172
  • Thumbnail: Page 
173
    173
  • Thumbnail: Page 
174
    174
  • Thumbnail: Page 
175
    175
  • Thumbnail: Page 
176
    176
  • Thumbnail: Page 
177
    177
  • Thumbnail: Page 
178
    178
  • Thumbnail: Page 
179
    179
  • Thumbnail: Page 
180
    180
  • Thumbnail: Page 
181
    181
  • Thumbnail: Page 
182
    182
  • Thumbnail: Page 
183
    183
  • Thumbnail: Page 
184
    184