Methods of Measuring Useful Life of Equipment under Operational Conditions

1953 Journal of the American Statistical Association 9 citations

Abstract

Abstract The problem discussed is that of comparing the longevities of two or more types of equipment under operational conditions where it is not convenient to identify or keep records of individual items. Such a comparison can be made by adopting certain replacement policies and observing their effect on the composition of the population. Methods of estimating relative and absolute longevities are given for the case where k types of equipment are being compared and various logistical requirements are placed upon the replacement policies. Methods of making decisions and testing hypotheses concerning the relative and absolute longevities are also given. Replacement policies are given which, under certain conditions, are optimum for purposes of studying longevity.

Keywords

Reliability engineeringComputer scienceLongevityPopulationRisk analysis (engineering)Operations researchEngineeringBusiness

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Publication Info

Year
1953
Type
article
Volume
48
Issue
263
Pages
503-530
Citations
9
Access
Closed

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Leo A. Goodman (1953). Methods of Measuring Useful Life of Equipment under Operational Conditions. Journal of the American Statistical Association , 48 (263) , 503-530. https://doi.org/10.1080/01621459.1953.10483489

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DOI
10.1080/01621459.1953.10483489