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Stochastic Reliability and Maintenance Modeling pp 101–121Cite as

Repair-Time Limit Replacement Policies

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Part of the book series: Springer Series in Reliability Engineering ((RELIABILITY,volume 9))

Abstract

This article concerns repair-limit replacement problems and review the existing stochastic models in which repair times are random variables. If a system fails, we should decide whether we repair the failed system (repair option) or replace it by new one (replacement option with a lead time). We classify the existing repair-time limit models based on available information amount of repair times (perfect, partial, and no information), repair type (perfect and imperfect repair), and objective functions (expected cost and profit with and without discounting). We summarize the modeling assumptions and explain how to obtain the optimal repair-limit replacement policies. Finally, we propose some interesting topics for future studies.

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Acknowledgments

This research was supported by Basic Science Research Program through the National Research Foundation of Korea (NRF) funded by the Ministry of Education, Science and Technology (No.2010-0025084). The authors are grateful to Professor S. Osaki who stimulated their interest in maintenance optimization area through many papers and edited books in reliability and maintenance.

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Authors and Affiliations

  1. Department of Industrial Engineering, Pusan National University, 30 Changjeon-Dong, Kumjeong-Ku, Busan, 609-735, Korea

    Won Young Yun

  2. Department of Economic Informatics, Hiroshima Shudo University, 1-1-1 Ozukahigashi, Asaminami-ku, Hiroshima, 731-3195, Japan

    Naoto Kaio

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  1. Won Young Yun
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  2. Naoto Kaio
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Correspondence to Won Young Yun .

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Editors and Affiliations

  1. , Department of Information Engineering, Hiroshima University, Kagamiyama 1-4-1, Higashi-Hiroshima, 739-8527, Japan

    Tadashi Dohi

  2. , Dept. of Business administration, Aichi Institute of Technology, Yachigusa, Yagusa-cho 1247, Toyota, 470-0392, Japan

    Toshio Nakagawa

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Yun, W.Y., Kaio, N. (2013). Repair-Time Limit Replacement Policies. In: Dohi, T., Nakagawa, T. (eds) Stochastic Reliability and Maintenance Modeling. Springer Series in Reliability Engineering, vol 9. Springer, London. https://doi.org/10.1007/978-1-4471-4971-2_5

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  • DOI: https://doi.org/10.1007/978-1-4471-4971-2_5

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  • Print ISBN: 978-1-4471-4970-5

  • Online ISBN: 978-1-4471-4971-2

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