Optimal Replacement Policies for a Multistate Degenerative System using Partial Sum Process
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This paper investigates the maintenance problem of a multistate degenerative system with k -working states and l -failure states. The long-run average cost for a multistate degenerative system under univariate replacement policy: T-policy, T-policy with NONN repair times are derived. Additionally, optimality conditions are established to guide the determination of cost-effective replacement strategies.
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