Abstract:The time interval between inspections of cold standby systems is a crucial decision to ensure the appropriated system reliability and the lowest costs possible. This paper presents a model developed to establish the optimal time interval between inspections for a two-unit cold standby system with component repair and subject to periodic inspection, considering reliability and costs. A Markov chain is used to define possible states, their transition probabilities and the mean time to system failure, as a functi… Show more
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