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Condition based replacement policies - A counting process approach
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DOI：10.1016/0951-8320(95)00057-7.png)
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This paper presents a general framework for analysing condition based replacement policies for stochastically failing units. The framework is based on the theory of counting processes. A replacement policy minimizing the long run expected cost is determined. The paper discusses both non-repairable and repairable units. Two examples are analysed in detail: shock models and monotone (coherent) systems. (C) 1996 Elsevier Science Limited.
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