Preventive Replacement Models Based on Substitutive Characteristics

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This paper deals with preventive replacements models for the item whose failures are dependent on their wear level. When measuring the item wear level is very costly, it may be economical to use substitutive characteristics that are correlated with the item wear level and relatively inexpensive to measure. In this paper, replacement policies based on such substitutive characteristics are proposed. The optimal level of substitutive characteristic to replace the item, which minimizes total cost, is obtained. Some numerical examples are also given.