Abstract
Mi (2002) recently considered a two-dimensional optimization problem for the optimal age-replacement policy and the optimal work size. In order to find (y*, T*), Mi (2002) found the optimal age-replacement policy T*(y) for each fixed work size y, and then searched for the optimal work size y*. When applying this approach, for each fixed work size y, Mi (2002) obtained the bounds for T*(y). However, no bound for the optimal work size y* was derived. In this note, the results on the upper bound for the optimal work size y* are given.
Original language | English |
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Pages (from-to) | 277-280 |
Number of pages | 4 |
Journal | Journal of Applied Probability |
Volume | 41 |
Issue number | 1 |
DOIs | |
State | Published - Mar 2004 |
Keywords
- Bathtub-shaped failure rate function
- Optimal work size
- Two-dimensional optimization problem
- Upper bound