Optimal replacement strategies in capital equipment management seek to balance the economic and operational trade‐offs associated with asset renewal. This field integrates financial analysis, ...

The Journal of the Operational Research Society, Vol. 53, No. 2, Part Special Issue: The Process of OR (Feb., 2002), pp. 193-202 (10 pages) This paper describes a case study in which the Weibull ...

A device is subject to a series of shocks which cause damage and eventually failure will occur at the time of arrival of one of the shocks. In between the shocks, the device is partially repaired as ...