Optimum replacement policies for using the most reliable components (Q1173622)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Optimum replacement policies for using the most reliable components |
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Optimum replacement policies for using the most reliable components (English)
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25 June 1992
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For a series system of independent exponential components, where several different types of components are available for replacement in case of any failure, optimal replacement rules for several criteria are considered. In particular, Bayes optimal `look-ahead-one' rule and policies without learning are studied in some detail.
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exponential failure times
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look-ahead-one Bayes rule
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series system of independent exponential components
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optimal replacement rules
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