• OPTIMAL REPLACEMENT MODEL FOR A DEGENERATING FAILURE SYSTEM

U. RIZWAN, R. MATHAN

Abstract


In this article, we study the optimal replacement model for degenerating failure systems. We obtained optimal replacement model  by minimizing the average cost rate . We show that uniqueness of the optimal replacement model .


Keywords


Replacement, Poisson process, Geometric repair process, δ-Shock models, Maintenance, α-Series process, Monotone process.

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