A Comprehensive Review of Replacement Theory and Its Applications
Keywords:
Replacement theory, preventive maintenance, reliability, cost optimization and equipment management.Abstract
This paper reviews replacement theory and its applications across engineering, economics,computing and philosophy. It traces the evolution from early cost-based models to modern stochastic and decision-theoretic approaches
References
Ajibade, A.D., Odusina, M.T., Rafiu, A.A., Ayanrinde, A.W., Adeleke, B.S. and Babarinde, S.N.: On the Use of Replacement Model to Determine the Appropriate Time to Replace a Deteriorating Industrial Equipment, IOSR Journal of Mathematics, Volume 10(2) Ver. I (2014), pp 09-13, e-ISSN: 2278-5728, p-ISSN:2319-765X
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Published
2017-12-15
How to Cite
Poonam Chawla. (2017). A Comprehensive Review of Replacement Theory and Its Applications . Journal of Computational Analysis and Applications (JoCAAA), 23(7), 17–31. Retrieved from https://www.eudoxuspress.com/index.php/pub/article/view/4409
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