For a repairable k-out-of-n:G system consisting of line-replaceable units, its operational availability depends on component reliability, its redundancy level, and spare parts availability. As a result, it is important to consider redundancy allocation and spare parts provisioning simultaneously...

Recently the service industry is transitioning from material-based contracting to performance-based contracting. This paradigm shift enables the supplier to maximize the profit by attaining the system performance goal, while the customer is able to lower the asset ownership cost with assured...