Jul.05-07 2019
Qingdao, China
Keynote Speakers/主讲嘉宾

                                 

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Prof. Shey-Huei Sheu 徐世輝教

Department of Business Administration, Asia University, Taiwan


Title: Optimal Replacement Policy based on cumulative damage for a Two-unit System

Abstract: The extended optimal replacement policy for a two-unit system subject to two types of shock is investigated in this paper. A type I shock, rectified by a minimal repair, causes a minor failure of unit A, and type II shock results in a complete system failure that is removed by a corrective replacement. The probability of type II shock is permitted to depend on the number of shocks from the last replacement. Each unit A minor failure also suffers some damage to unit B. These damages to unit B are additive, and the system fails when the total damage has exceeded a failure level K. Unit B also may become minor failed with a random probability. This paper proposes a more general replacement policy which prescribes that the system is preventively replaced at the Nth type I shock or when the total damage to unit B exceeds a pre-specified level Z (<K) or is replaced correctively either at the first type II shock or when the total damage to unit B exceeds a failure level K, whichever occurs first.









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Important Dates

Submission Deadline:May 20, 2019

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Notification Date:About 1-2 weeks after submission 

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Registration Deadline:June 30, 2019

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Conference Date:July 5-7, 2019

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