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:	Date Event October 2023 Published 7 June 2023 Published Online 24 May 2023 Accepted 28 September 2022 Submitted
  Keywords:	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:	Journal or Publication
  URI:	https://strathprints.strath.ac.uk/id/eprint/85792