2 research outputs found
The Lorenz Transform approach to the Optimal Repair-Cost limit remplacement Policy with Imperfect Repair
In this paper, we consider a repair-cost limit replacement problem
with imperfect repair and develop a graphical method to determine
the optimal repair-cost limit which minimizes the expected cost
per unit time in the steady-state, using the Lorenz transform of
the underlying repair-cost distribution function. The method
proposed can be applied to an estimation problem of the optimal
repair-cost limit from empirical repair-cost data. Numerical
examples are devoted to examine asymptotic properties of the
non-parametric estimator for the optimal repair-cost limit