Accession Number : AD0723187

Title :   An Economic Replacement Policy,

Corporate Author : SEABEE SYSTEMS ENGINEERING OFFICE PORT HUENEME CALIF

Personal Author(s) : Leupp,Howard A.

Report Date : JAN 1971

Pagination or Media Count : 29

Abstract : The equipment replacement policy described herein is based on an economic life theory. Additional consideration is given to repair cost in order to develop an operational decision rule. The decision rule is based on a maximum one-time repair cost limit. Application of this decision rule takes advantage of repair cost information in order to improve on a policy of automatic replacement at the end of economic life calculated on the basis of historical data only. (Author)

Descriptors :   (*REPLACEMENT THEORY, DECISION THEORY), (*TACTICAL WARFARE, NAVAL OPERATIONS), SOUTHEAST ASIA, MAINTENANCE, ECONOMICS, COSTS, OPTIMIZATION, AUTOMATION

Subject Categories : Operations Research
      Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE