An accurate approximate solution of optimal sequential age replacement policy for a finite-time horizon |
| |
| Authors: | R Jiang |
| |
| Affiliation: | School of Automotive and Mechanical Engineering, Changsha University of Science and Technology, Changsha, Hunan 410004, China |
| |
| Abstract: | It is difficult to find the optimal solution of the sequential age replacement policy for a finite-time horizon. This paper presents an accurate approximation to find an approximate optimal solution of the sequential replacement policy. The proposed approximation is computationally simple and suitable for any failure distribution. Their accuracy is illustrated by two examples. Based on the approximate solution, an approximate estimate for the total cost is derived. |
| |
| Keywords: | Sequential age replacement policy Finite-time horizon Approximation |
| 本文献已被 ScienceDirect 等数据库收录！ |
