Geodesic
A note on the optimal replacement policy
Applications of Mathematics, Tome 28 (1983) no. 5, pp. 330-334

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A system with a single activated unit, which can be in a finite number of states, is considered. Inspections of the system are carried out at discrete time instants. It is possible to replace it by a new one at these moments. The user of the system, by setting down conditions of replacements, wants to maximize his gain, which does not include the rest value of units. On a numerical example it is shown that the frequency of replacements of the unit need not be the greater the longer is the period of its exploitation.
DOI : 10.21136/AM.1983.104044
Classification : 60K10, 90B25
Keywords: conditions of replacements; replacement policy 
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     title = {A note on the optimal replacement policy},
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Lešanovský, Antonín; Pěnička, Petr. A note on the optimal replacement policy. Applications of Mathematics, Tome 28 (1983) no. 5, pp. 330-334. doi: 10.21136/AM.1983.104044

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