2022
DOI: 10.1590/0101-7438.2022.042nspe1.00263588
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Age-Based Replacement With Imperfect Repair and Risk as Low as Reasonably Practicable

Abstract: Maintenance policies must consider system reliability and the risk of accidents in systems where equipment failures represent a risk. In this context, this work proposes an age replacement policy with Bayesian imperfect repair and considers the "as low as reasonably practicable" (ALARP) principle. The policy determines the age of replacement that minimizes the long-run cost per unit time when the failure rate is ALARP. The model also supposes that failures are either minimally or perfectly repaired, depending … Show more

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