A Monotone Process Maintenance Model for a Multistate System
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چکیده
In this paper, we study a monotone process maintenance model for a multistate system with k working states and failure states. By making different assumptions, we can apply the model to a multistate deteriorating system as well as to a multistate improving system. We show that the monotone process model for a multistate system is equivalent to a geometric process model for a two-state system. Then, for both the deteriorating and the improving system, we analytically determine an optimal replacement policy for minimizing the long-run average cost per unit time.
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