Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5019427 | Reliability Engineering & System Safety | 2017 | 33 Pages |
Abstract
The cost-optimal moment of replacement for the system is obtained by minimizing the expected cost rate per unit of time. The unit cost rate is recalculated when components fail or at the end of every (very short) fixed inter-evaluation interval, leading to a dynamic maintenance policy, since the ageing of components and possible failures will change the cost-optimal moment of replacement in the course of time. Via numerical experiments, some insight into the performance of the policy is given.
Related Topics
Physical Sciences and Engineering
Engineering
Mechanical Engineering
Authors
Gero Walter, Simme Douwe Flapper,