In this research, we study an optimal overhaul–replacement policy of a multi-degraded repairable system sold with a free replacement warranty. In the proposed replacement policy, a maintenance action and failure are dependent on a system degradation level and the system age, and hence the replacement model will provide more effective maintenance decisions. Failure of the system is modeled using...

This study aimed at presenting a method for formulating optimal production, repair and replacement policies. The system was based on the production rate of defective parts and machine repairs and then was set up to optimize maintenance activities and related costs. The machine is either repaired or replaced. The machine is changed completely in the replacement process, but the productio...

electric power industry have always try to provide reliable electricity to customers and at the same time decrease system costs. high voltage circuit-breakers are an essential part of the power network. this study has developed a maintenance and replacement scheduling model for high voltage circuit- breakers that minimize maintenance costs while maintaining the acceptable reliability. this mode...

this paper studies a maintenance policy for a system composed of two components, which are subject to continuous deterioration and consequently stochastic failure. the failure of each component results in the failure of the system. the components are inspected periodically and their deterioration degrees are monitored. the components can be maintained using different maintenance actions (repair...

The objective of present study was to derive the economic values for number of inseminations to conception, calving interval, milk yield and stillbirth, using economic data of 10 Iranian Holstein herds. The economic values were derived by using the profit function methods and differentiating a profit equation with respect to the traits of interest. The cow fertility costs herd amortization or r...

Unexpected system failures pose significant problems in power industry and most manufacturing companies. In some cases, a critical component failure can incur catastrophic events and huge economic loss. To maintain machines at high level of reliability, some companies perform time-based preventive maintenance or age-based preventive maintenance to avoid sudden failure of machines. Usually, prev...