A discounted cost relationship
type: Item
instance of: scholarly article
title: A discounted cost relationship
zbMATH Open document ID: 0657.62117
DOI: 10.1016/0047-259X(88)90119-4
author: S. H. Smith
published in: Journal of Multivariate Analysis
publication date: 1988-01-01T00:00:00Z
review text: A very general cost mechanism for a maintained system is considered with the expected total discounted cost as target function. It is shown that there is a simple cost relationship between the age replacement policy (replacement occurs whenever an operating unit reaches a certain age) and the block replacement policy (replacement occurs at fixed calendar time intervals).
Mathematics Subject Classification ID: 62N05
Mathematics Subject Classification ID: 90B25
Mathematics Subject Classification ID: 60K10
zbMATH DE Number: 4074281
zbMATH Keywords: general cost mechanism
zbMATH Keywords: expected total discounted cost
zbMATH Keywords: age replacement policy
zbMATH Keywords: block replacement policy
MaRDI profile type: Publication
cites work: Q5512461
cites work: Q5615108
cites work: A cost relationship between age and block replacement policies
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description: scientific article; zbMATH DE number 4074281