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)

[thumbnail of Finkelstein-Cha-SPL-2023-Improving-the-age-composition-of-dynamic-populations-of-manufactured-items] Text. Filename: Finkelstein_Cha_SPL_2023_Improving_the_age_composition_of_dynamic_populations_of_manufactured_items.pdf
Accepted Author Manuscript
Restricted to Repository staff only until 7 June 2024.
License: Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 logo
Download (420kB) | Request a copy

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.

CORE (COnnecting REpositories)