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Replacement and inspection policies for products with random life cycle

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  • Young Yun, Won
  • Nakagawa, Toshio

Abstract

In this paper, we consider maintenance policies for products in which the economical life cycle of products is a random variable. First, we study a periodic replacement policy with minimal repair. The system is minimally repaired at failure and is replaced by new one at age T (periodic replacement policy with minimal repair of Barlow and Hunter [1]). The expected present value of total maintenance cost of products with random life cycle is obtained and the optimal replacement interval minimizing the cost is found. Second, we consider an inspection policy for products with random life cycle to detect the system failure. The expected total cost is obtained and the optimal inspection interval is found. Numerical examples are also included.

Suggested Citation

  • Young Yun, Won & Nakagawa, Toshio, 2010. "Replacement and inspection policies for products with random life cycle," Reliability Engineering and System Safety, Elsevier, vol. 95(3), pages 161-165.
    • Handle: RePEc:eee:reensy:v:95:y:2010:i:3:p:161-165
    DOI: 10.1016/j.ress.2009.09.003
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    References listed on IDEAS

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    1. Richard Barlow & Larry Hunter, 1960. "Optimum Preventive Maintenance Policies," Operations Research, INFORMS, vol. 8(1), pages 90-100, February.
    2. Hongzhou Wang & Hoang Pham, 2006. "Reliability and Optimal Maintenance," Springer Series in Reliability Engineering, Springer, number 978-1-84628-325-3, January.
    3. Toshio Nakagawa, 2008. "Advanced Reliability Models and Maintenance Policies," Springer Series in Reliability Engineering, Springer, number 978-1-84800-294-4, January.
    4. Nakagawa, T. & Mizutani, S., 2009. "A summary of maintenance policies for a finite interval," Reliability Engineering and System Safety, Elsevier, vol. 94(1), pages 89-96.
    5. Philip J. Boland & Frank Proschan, 1982. "Periodic Replacement with Increasing Minimal Repair Costs at Failure," Operations Research, INFORMS, vol. 30(6), pages 1183-1189, December.
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