A discounted cost relationship (Q1110970)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A discounted cost relationship |
scientific article |
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A discounted cost relationship (English)
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1988
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A very general cost mechanism for a maintained system is considered with the expected total discounted cost as target function. It is shown that there is a simple cost relationship between the age replacement policy (replacement occurs whenever an operating unit reaches a certain age) and the block replacement policy (replacement occurs at fixed calendar time intervals).
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general cost mechanism
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expected total discounted cost
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age replacement policy
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block replacement policy
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