Optimal Age Replacement Policies for Items from a Mixture
- 1 June 1981
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Reliability
- Vol. R-30 (2) , 169-170
- https://doi.org/10.1109/TR.1981.5221020
Abstract
An optimal age-replacement policy with items drawn from a mixture of two types is discussed. Conditions under which it is worth testing (at a cost) to obtain the extra information of item type are derived and a numerical example presented.Keywords
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