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Preventive Replacement Policy under Increasing Minimal Repair Costs at Failure  

Park Sung-Bum (인하대학교 산업공학과)
Kim Young-Min (인하대학교 산업공학과)
Publication Information
Journal of the Korea Safety Management & Science / v.8, no.2, 2006 , pp. 139-153 More about this Journal
Abstract
This paper deals with two forms of preventive replacement policy with minimal repair at failure. Those are, 1. the replacement policy I based on the cumulative operating time. 2. the replacement policy II based on the number of failures. The basic assumptions are; (1) the cost of minimal repair at failure is increasing with the number of failures since the last replacement, (2) the equipment fails stochastically with time.
Keywords
Replacement Policy; Increasing; Repair Cost;
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