A note on optimal inspection policy for stochastically deteriorating series systems
1991 ◽
Vol 28
(04)
◽
pp. 934-939
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Keyword(s):
A counterexample is given to demonstrate that a previously proposed characterization of optimal inspection policy for series systems is not correct in the discounted case. A set of valid necessary conditions is provided which leads to the characterization of optimality for a special case. The limiting case of these necessary conditions is also examined.