Improving the age composition of dynamic populations of manufactured items
Finkelstein, Maxim and Cha, Ji Hwan (2023) Improving the age composition of dynamic populations of manufactured items. Statistics and Probability Letters, 201. 109879. ISSN 0167-7152 (https://doi.org/10.1016/j.spl.2023.109879)
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Abstract
Populations of manufactured degrading items that are incepted into operation with a given rate are considered. To improve the age composition of these dynamic populations, the truncation of items’ lifetimes is proposed and the corresponding optimization problem is studied. The impact of shocks on the population age structures is also described. The effect of these ‘interventions’ for dynamic and static populations has not been studied in the literature.
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Item type: Article ID code: 85792 Dates: DateEventOctober 2023Published7 June 2023Published Online24 May 2023Accepted28 September 2022SubmittedKeywords: age composition, truncation, failure rate, burn-in, shocks, Probabilities. Mathematical statistics, Statistics and Probability Subjects: Science > Mathematics > Probabilities. Mathematical statistics Department: Strathclyde Business School > Management Science Depositing user: Pure Administrator Date deposited: 13 Jun 2023 15:19 Last modified: 03 Jul 2023 09:17 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/85792
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