• Title/Summary/Keyword: Long run average cost

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On Multipurpose Replacement Policies for the General Failure Model

  • Cha, Ji-Hwan
    • Journal of the Korean Data and Information Science Society
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    • v.14 no.2
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    • pp.393-403
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    • 2003
  • In this paper, various replacement policies for the general failure model are considered. There are two types of failure in the general failure model. One is Type I failure (minor failure) which can be removed by a minimal repair and the other is Type II failure (catastrophic failure) which can be removed only by a complete repair. In this model, when the unit fails at its age t, Type I failure occurs with probability 1-p(t) and Type II failure occurs with probability p(t), $0{\leq}p(t){\leq}1$. Under the model, optimal replacement policies for the long-run average cost rate and the limiting efficiency are considered. Also taking the cost and the efficiency into consideration at the same time, the properties of the optimal policies under the Cost-Priority-Criterion and the Efficiency-Priority-Criterion are obtained.

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Numerical Studies on the Cost Impact of Incorrect Assumption and Information Delay in a Supply Chain

  • Kim, Heung-Kyu
    • Management Science and Financial Engineering
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    • v.16 no.3
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    • pp.1-20
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    • 2010
  • In this paper, the impact of various system parameters such as the parameters of actual demand process, the review periods and the lead times, under each combination of inventory policies and information sharing, on the long run average inventory cost per period incurred at each participant in a supply chain, is considered. For this purpose, numerical studies are conducted, from which some valuable information as to how sensitive our long run average inventory cost per period are as the model parameters change is gleaned, from which, in turn, some managerial insights are gleaned in order for industry practitioners to perform better in supply chain management.

Optimal Inspection Period for the System Subject to Random Shocks

  • Kim, Sung-Soon;Choi, Seung-Kyoung;Lee, Eui-Yong
    • Journal of the Korean Data and Information Science Society
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    • v.16 no.4
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    • pp.725-733
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    • 2005
  • A system subject to random shocks is considered. The shocks arrive according to a Poisson process and the amount of each shock is exponentially distributed. In this paper, a periodic inspection policy for the system is compared with a random inspection policy. After assigning several maintenance costs to the system, we calculate and compare the long-run average costs per unit time under two policies.

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The Optimal Limit of the Number of COnsecutive Minimal Repairs

  • Jongho Bae;Lee, Eui-Yong
    • Journal of the Korean Statistical Society
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    • v.30 no.1
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    • pp.89-98
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    • 2001
  • Brown and Proschan(1983) introduced a model for imperfect repair. At each failure of a device, with probability p, it is repaired completely or replaced with a new device(perfect repair), and with probability 1-p, it is returned to the functioning state, but it is only recovered to its condition just prior to failure(imperfect repair or minimal repair). In this paper, we limit the number of consecutive minimal repairs by n. We find some useful properties about $\mu$$_{k}$, the expected time between the k-th and the (k+1)-st repair under he assumption that only minimal repairs are performed. Then, we assign cost to each repair and find the value of n which minimized the long-run average cost for a fixed p under the condition that the life distribution F os the device is DMRL.L.

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A study on Determination of the Optimum Farm size based on Shadow Price of Rice (잠재가격에 의한 수도작 적정 영농규모 결정에 관한 연구)

  • Park, Jae Keun;Lim, Jae Hwan
    • Korean Journal of Agricultural Science
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    • v.32 no.2
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    • pp.127-150
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    • 2005
  • Under the WTO system, the farm size expansion or the existing korean agricultural structure should be improved to cope with farm income decrease and to continue rice cultivation for food security in the future. This study is aimed at identifying optimum farm size under trade liberalization and import and export parity price system of inputs and outputs. The optimum farm size expressed the minimum point of long run average cost is determined as 15.1ha. The farm size to be equalized as urban laborer's income of 37,361 thousand won per year was revealed 30ha. Therefore the G't recommended farm size of 6ha should be changed to 30ha and the concerned policies for agricultural structure improvement also should be changed to more flexibilitiy.

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On Optimal Replacement Policy for a Generalized Model (일반화된 모델에 대한 최적 교체정책에 관한 연구)

  • Ji Hwan Cha
    • Journal of Korean Society for Quality Management
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    • v.31 no.3
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    • pp.185-192
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    • 2003
  • In this paper, the properties on the optimal replacement policies for the general failure model are developed. In the general failure model, two types of system failures may occur : one is Type I failure (minor failure) which can be removed by a minimal repair and the other, Type II failure (catastrophic failure) which can be removed only by complete repair. It is assumed that, when the unit fails, Type I failure occurs with probability 1-p and Type II failure occurs with probability p, $0\leqp\leq1$. Under the model, the system is minimally repaired for each Type I failure, and it is repaired completely at the time of the Type II failure or at its age T, whichever occurs first. We further assume that the repair times are non-negligible. It is assumed that the minimal repair times in a renewal cycle consist of a strictly increasing geometric process. Under this model, we study the properties on the optimal replacement policy minimizing the long-run average cost per unit time.

[ $P_{\lambda,;,T}^M-policy$ ] of a finite dam with both continuous and Jumpwise inputs

  • Lim Kyung Eun;Baek Jee Seon;Lee Eui Yong
    • Proceedings of the Korean Statistical Society Conference
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    • 2004.11a
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    • pp.123-128
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    • 2004
  • A finite dam under $P_{\lambda,;,T}^M-policy$ is considered, where the input of water is formed by a Wiener process subject to random jumps arriving according to a Poisson process. Explicit expression is deduced for the stationary distribution of the level of water. And the long-run average cost per unit time is obtained after assigning costs to the changes of release rate, a reward to each unit of output, and a penalty which is a function of the level of water in the reservoir.

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An optimal policy for an infinite dam with exponential inputs of water (비의 양이 지수분포를 따르는 경우 무한 댐의 최적 방출정책 연구)

  • Kim, Myung-Hwa;Baek, Jee-Seon;Choi, Seung-Kyoung;Lee, Eui-Yong
    • Journal of the Korean Data and Information Science Society
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    • v.22 no.6
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    • pp.1089-1096
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    • 2011
  • We consider an infinite dam with inputs formed by a compound Poisson process and adopt a $P^M_{\lambda}$-policy to control the level of water, where the water is released at rate M when the level of water exceeds threshold ${\lambda}$. We obtain interesting stationary properties of the level of water, when the amount of each input independently follows an exponential distribution. After assigning several managing costs to the dam, we derive the long-run average cost per unit time and show that there exist unique values of releasing rate M and threshold ${\lambda}$ which minimize the long-run average cost per unit time. Numerical results are also illustrated by using MATLAB.

An Opportunity-based Age Replacement Policy with Warranty Analysed by Using TTT-Transforms

  • Iskandar, Bermawi P.;Klefsjo, Bengt;Sandoh, Hiroaki
    • International Journal of Reliability and Applications
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    • v.1 no.1
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    • pp.27-38
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    • 2000
  • In a recent paper Iskandar & Sandoh (1999) studied an opportunity-based age replacement policy for a system which has a warranty period (0,S]. When the system fails at age x $\leq$ S a minimal repair is performed. If an opportunity occurs to the system at age x, S $\leq$ x $\leq$ T, we take the opportunity with probability p to preventively replace the system, while we conduct a corrective .replacement when its fails in (S,T). Finally, if its age reaches T, we perform a preventive replacement, Under this policy the design variable is T. For the case when opportunities occur according to a homogeneous Poisson process, the long-run average cost of this policy was formulated and studied analytically by Iskandar & Sandoh (1999). The same problem is here analysed by using a graphical technique based on scaled TTT-transforms. This technique gives, among other things, excellent possibilities for different types of sensitivity analysis. We also extend the discussion to the situation when we have to estimate T based on times to failure.

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