A Corrective Maintenance Policy Which Determines Replacement or Repair for the Maintenance of System Failures

This paper presents a corrective maintenance model to determine either type of maintenance actions upon failure of the system. Types of maintenance actions considered are minimal repair and replacement. Minimal repair cost is assumed to be random, whereas replacement cost is fixed. A policy, B(t), which determines the type of maintenance action based on the estimated minimal repair cost when the system fails at time t is adopted. To obtain an optimal policy, an expected maintenance cost per unit time is derived and is minimized with respect to B(t).