LEAST-SQUARE PARABOLA APPROXIMATION OF OPTIMAL TIME REPLACEMENT OF INDUSTRIAL EQUIPMENT FOR DISCRETE MODEL
Publication Date : 01/03/2018
The purpose of this paper is to develop an approximate method for determining the approximate optimal time to replace equipment whose repair and maintenance cost increases and their efficiency reduces with time for a discrete model. Furthermore, we established existence and uniqueness theorem via the least-square parabola method for the optimal replacement time obtained.
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