This paper deals with the condition-based maintenance of single-unit systems which are subject to the competing and dependent failures due deterioration and traumatic shock events. The main aim is to provide a model to assess the value of condition monitoring information for the maintenance...

This paper deals with maintenance strategies with minimal repairs for single-unit repairable systems which are subject to competing and dependent failures due to degradation and traumatic shocks. The main aims are to study different approaches for making a minimal repair decision (i.e....

We study a dynamic stochastic general equilibrium model in continuous time. Related work has proven that optimal consumption in this model is a smooth function of state variables. This allows us to describe the evolution of optimal state variables (wealth and labour market status) by stochastic...

In an environment of intense competition, software upgrades have become the necessity for the survival in software industry. In this paper, the authors propose a discrete Software Reliability Growth Model (SRGM) for the software with successive releases by taking into consideration the realistic...

Purpose – The purpose of this paper is to present age-based replacement models subject to shocks and failure rate in order to determine the optimal replacement cycle. As a result, according to system reliability, maintenance costs of the system are to be minimized. Design/methodology/approach...