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An Alternative Approach for Further Approximate Optimum Inspection Intervals  

Francis, Leung Kit-Nam (Department of Management Sciences City University of Hong Kong, Department of Epidemiology and Biostatistics, School of Public Health Curtin University of Technology)
Publication Information
Industrial Engineering and Management Systems / v.7, no.1, 2008 , pp. 1-8 More about this Journal
Abstract
Having previously presented an article entitled "Further approximate optimum inspection intervals" in this Journal, here the author derives an alternative set of general explicit formulae using Cardan's solution to a cubic equation and presents a modified heuristic algorithm for solving Baker's model. The examples show that this new alternative approximate solution procedure for determining near optimum inspection intervals is as accurate and computationally efficient as the one suggested in the previous article. Through the examples, the author also indicates the relative merits and demerits of the two algorithms.
Keywords
Exponential Distribution; Inspection; Replacement; Cost; Profit; Machine;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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