Chung, Kun‐Jen; Lin, Shy‐Der - In: International Journal of Quality & Reliability Management 13 (1996) 4, pp. 77-84
When the system fails, the decision to repair or replace a failed unit may depend on the estimated repair cost. Such an idea is called repair limit replacement policy. The repair limit is a limit on the amount of money which can be spent on the repair of a system. The repair limits thus provide...