Age and Block Replacement Policies in Renewal Processes

Duygu Sava?c?, Halil Aydo?du

Abstract


In this study, renewal processes, age and block replacement policies are described. Certain classes of distribution functions which are related to the usage of these policies are given. Some results on age and block replacement policies in renewal processes are reviewed.

Keywords


Age replacement policy; block replacement policy; renewal theory; stochastic order; Laplace order.

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