Advanced Search
MyIDEAS: Login

Age Replacement Under Alternative Cost Criteria


Author Info

  • J. Ansell

    (University College of Swansea, United Kingdom)

  • A. Bendell

    (Dundee College of Technology, United Kingdom)

  • S. Humble

    (Royal Military College of Science, Shrivenham, United Kingdom)

Registered author(s):


    Due to the complexity of optimum replacement problems over finite lime horizons various asymptotic criteria based upon fixed age replacement policies have been employed in the literature and in practice. In this paper the relationships between the optimum policies under three alternative cost criteria are considered. An ordering of the accounting costs under two of these is obtained, and for distributions with Increasing Hazard Rate an ordering of the optimum replacement time is derived. For a finite time horizon the policies are compared to the optimal sequential and fixed-age replacement polices through the example of a gamma distribution previously investigated by Barlow and Proschan (Barlow, R. E., F. Proschan. 1962. Planned replacement. K. J. Arrow, S. Karlin, W. L. Smith, eds. Studies in Applied Probability and Management Science. Stanford University Press, Stanford, Cal.; Barlow, R. E., F. Proschan. 1965. Mathematical Theory of Reliability. Wiley, New York.).

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL:
    Download Restriction: no

    Bibliographic Info

    Article provided by INFORMS in its journal Management Science.

    Volume (Year): 30 (1984)
    Issue (Month): 3 (March)
    Pages: 358-367

    as in new window
    Handle: RePEc:inm:ormnsc:v:30:y:1984:i:3:p:358-367

    Contact details of provider:
    Postal: 7240 Parkway Drive, Suite 300, Hanover, MD 21076 USA
    Phone: +1-443-757-3500
    Fax: 443-757-3515
    Web page:
    More information through EDIRC

    Related research

    Keywords: reliability; replacement; optimization;


    No references listed on IDEAS
    You can help add them by filling out this form.


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Hatch, Melanie L. & Badinelli, Ralph D., 1999. "Concurrent optimization in designing for logistics support," European Journal of Operational Research, Elsevier, vol. 115(1), pages 77-97, May.


    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


    Access and download statistics


    When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:30:y:1984:i:3:p:358-367. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mirko Janc).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.