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Optimal System Reliability Parameters with Minimum Costs

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1 Author(s)
Mouftah, H.T. ; Electrical Engineering Department; University of Toronto; Toronto, Ontario M5S 1A4 CANADA

This paper gives a procedure for a repairable complex system which will determine the failure and repair rates as well as the number of redundant components to achieve minimum total s-expected cost for a given availability. The total s-expected cost is the s-expected investment and operating costs. The capital investment cost function is related to the steady-state availability of each component and the operating cost function to the steady-state probability of the system's being in a particular state.

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Reliability, IEEE Transactions on  (Volume:R-26 ,  Issue: 1 )