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Adaptive Replacement Policies for a System of Parallel Machines

In: Lifetime Data: Models in Reliability and Survival Analysis

Author

Listed:
  • John G. Wilson

    (Wake Forest University, Case Western Reserve University)

  • Elmira Popova

    (Wake Forest University, Case Western Reserve University)

Abstract

Consider n machines or components operating in parallel. Fixed, replacement and downtime costs are associated with the system. This paper considers the case where n equals 2 or 3 and the machines have i.i.d. exponential failure times. However, unlike much of the literature, the parameter of the failure time distribution is unknown. Adaptive policies that incorporate both the cost structure and the statistical information gained while operating the machines are analysed.

Suggested Citation

  • John G. Wilson & Elmira Popova, 1996. "Adaptive Replacement Policies for a System of Parallel Machines," Springer Books, in: Nicholas P. Jewell & Alan C. Kimber & Mei-Ling Ting Lee & G. A. Whitmore (ed.), Lifetime Data: Models in Reliability and Survival Analysis, pages 371-375, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4757-5654-8_48
    DOI: 10.1007/978-1-4757-5654-8_48
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