The Optimization of the Profit of a Parallel System with Independent Components and Linear Repairing Cost

Date Issued
2012
Author(s)
Stojkovic, Natasa
Abstract
The parallel system can be regarded as a multi-state system with
graduate failure. When the system is not in its perfect state, it can be repaired to
some higher level under some cost, in our case, to repair k components costs C0
+ kC1. The objective of this research is to find the optimal repairing policy, so
that the system makes the greatest possible profit. The main idea of the optimal
solution is based on the analysis of the system performance during periods with
a certain length, which allows us to use dynamic programming as optimizing
technique. Additionally for the systems with unlimited working time we give a
way for computation of the optimal repairing level.
Subjects

Optimal profit, multi...

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