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Optimal issuing policies for non-identical units with stochastic lifetimes

Published online by Cambridge University Press:  14 July 2016

E. G. Enns  and
P. F. Ehlers
E. G. Enns
Affiliation:
University of Calgary
P. F. Ehlers*
Affiliation:
University of Calgary
*
* Now at Okanagan College, Penticon, B. C., Canada.
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Abstract

Two non-identical units are to be issued sequentially. The optimal policy determines the issuing sequence which maximizes the expected lifetime of the pair of units. The units each have non-decreasing hazard rates which depend on whether the unit is in service or in storage. Sufficient conditions are obtained for optimal issuing policies in a variety of examples.

Keywords

OPTIMAL ISSUING POLICYRELIABILITYHAZARD RATE

Information

Type
Short Communications
Information
Journal of Applied Probability , Volume 13 , Issue 1 , March 1976 , pp. 183 - 189
Copyright
Copyright © Applied Probability Trust 1976 

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References

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