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A novel optimal preventive maintenance policy for a cold standby system consisting of two components and a repairman is described herein. The repairman is to be responsible for repairing either failed component and maintaining the working components under certain guidelines. To model the...
Persistent link: https://www.econbiz.de/10010871129
Previous studies have attempted to model goal scoring in sports such as ice hockey as simple Poisson processes. Others (Thomas, 2006) have shown that events within the game of ice hockey are better modelled as a Semi-Markov process determined by puck possession and location. I demonstrate that a...
Persistent link: https://www.econbiz.de/10005585184
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Masuyama (2011) obtained the subexponential asymptotics of the stationary distribution of an M/G/1 type Markov chain under the assumption related to the periodic structure of G-matrix. In this note, we improve Masuyama’s result by showing that the subexponential asymptotics holds without the...
Persistent link: https://www.econbiz.de/10010597680
A redundant complex discrete system is modelled through phase type distributions. The system is composed of a finite number of units, one online and the others in a warm standby arrangement. The units may undergo internal wear and/or accidental external failures. The latter may be repairable or...
Persistent link: https://www.econbiz.de/10011052419
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