“…In fact, their condition-based replacement policies assume in advance that the number of available spares on hand is infinite and each desired spare could be provided immediately. Similarly, most of other studies (Amari and McLaughlin, 2004;Barbera et al, 1996Barbera et al, , 1999Chen et al, 2003;Chu et al, 1998;Coolen and Dekker, 1995;Marseguerra et al, 2002;Moustafa et al, 2004;Park, 1998;Pellegrin, 1992;Wang, 2003) for CBM policies also suppose that unlimited spare parts are always available. Unfortunately, there exist several kinds of time lag between the desire/order of spares and their arrival.…”