Age replacement policies in multiple time scales
We develop and estimate optimal age replacement policies for devices whose age is measured in multiple time scales. For example, the age of a jet engine can be measured in chronological time, the number of flight hours, and the number of landings. Under a single-scale age replacement policy, a devic...
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| Language: | en_US |
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Monterey, California. Naval Postgraduate School
2013
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| Online Access: | http://hdl.handle.net/10945/32940 |