where Tn=E(length of cycle). The total coast is minimized with respect to n in this model.
Policy 3: Perform repairs up to age T3∗ and replace at the first failure after T3∗.
Cost (1) is minimized with respect to T3∗.
Policies 2 and 3 are more efficient compared to policy 1 under condition that costs are the same in all these policies.
However in policy 1 the replacement is scheduled and can be less expansive [4].
1. M. Kijima and N. Sumita, "A useful generalization of renewal theory: counting process governed by nonnegative Markovian increments,"
Journal of Applied Probability, No. 23, pp. 71-88, 1986.M.P.
2. O. Yevkin and V. Krivtsov “An approximate solution to the g-renewal equation with an underlying Weibull distribution”,
IEEE Transactions on Reliability, Vol. 61, No. 1, 2012, pp. 68-73.
3. O. Yevkin. “A Monte Carlo approach for evaluation of availability and failure intensity under g-renewal process model”.
In "Advances in Safety, Reliability and Risk Management". Proceedings of ESREL conference, France, Troyes, 2011, pp. 1015-1021.
4. O. Yevkin and V. Krivtsov “Comparative analysis of optimal maintenance policies under general repair with underlying Weibull distribution”,
IEEE Transactions on Reliability, Vol. 62, No. 1, 2013, pp. 82-91.