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Optimal Inspection Period for the System Subject to Random Shocks
- Issue Date
- Dec-2005
- Publisher
- 한국데이터정보과학회
- Keywords
- long-run average cost; periodic inspection policy; Poisson process; random inspection policy; random shock model; long-run average cost; periodic inspection policy; Poisson process; random inspection policy; random shock model
- Citation
- 한국데이터정보과학회지, v.16, no.4, pp 725 - 733
- Pages
- 9
- Journal Title
- 한국데이터정보과학회지
- Volume
- 16
- Number
- 4
- Start Page
- 725
- End Page
- 733
- ISSN
- 1598-9402
- Abstract
- A system subject to random shocks is considered. The shocks arrive according to a Poisson process and the amount of each shock is exponentially distributed. In this paper, a periodic inspection policy for the system is compared with a random inspection policy. After assigning several maintenance costs to the system, we calculate and compare the long-run average costs per unit time under two policies.
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