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Cost benefit analysis of series systems with warm standby components

Author

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  • Kuo-Hsiung Wang
  • Wen-Lea Pearn

Abstract

This paper deals with the cost benefit analysis of series systems with warm standby components. The time-to-repair and the time-to-failure for each of the primary and warm standby components is assumed to have the negative exponential distribution. We develop the explicit expressions for the mean time-to-failure, MTTF, and the steady-state availability, A T (∞) for three configurations and perform a comparative analysis. Under the cost/benefit (C/B) criterion, comparisons are made based on assumed numerical values given to the distribution parameters, and to the cost of the components. The configurations are ranked based on: MTTF, A T (∞), and C/B where B is either MTTF or A T (∞). Copyright Springer-Verlag 2003

Suggested Citation

  • Kuo-Hsiung Wang & Wen-Lea Pearn, 2003. "Cost benefit analysis of series systems with warm standby components," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 58(2), pages 247-258, November.
    • Handle: RePEc:spr:mathme:v:58:y:2003:i:2:p:247-258
    DOI: 10.1007/s001860300274
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    Cited by:

    1. Kayedpour, Farjam & Amiri, Maghsoud & Rafizadeh, Mahmoud & Shahryari Nia, Arash, 2017. "Multi-objective redundancy allocation problem for a system with repairable components considering instantaneous availability and strategy selection," Reliability Engineering and System Safety, Elsevier, vol. 160(C), pages 11-20.
    2. Hughes, Larry, 2015. "The effects of event occurrence and duration on resilience and adaptation in energy systems," Energy, Elsevier, vol. 84(C), pages 443-454.
    3. Kuo, Ching-Chang & Ke, Jau-Chuan, 2016. "Comparative analysis of standby systems with unreliable server and switching failure," Reliability Engineering and System Safety, Elsevier, vol. 145(C), pages 74-82.

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