This booksurveys recent applications of inspection models, maintenance models and cumulative damage models, as well as discusses the policies involved with these models. It explains how a stochastic approach can be applied to systems using real-world examples.The book begins by introducing and summarizing standard inspection models. It dedicates chapters to random inspection models and general inspection models, before moving on to discuss inspection policies and checkpoint models. The book discusses inspection of reliability systems, such as missile maintenance systems, as well as Markov...

This is the first book on the Which-Is-Better (WIB) Problem. These are questions that in daily life include such as “Which is larger, younger and stronger?".The main objective of this book is summarizing WIB Problems in maintenance and reliability theory. Optimal policies of replacement first, last and overtime are derived and compared theoretically and numerically, and WIB policies are determined. Furthermore, the reliability properties of parallel and standby systems are compared, and WIB system is determined. These WIB Problems are applied to shock and damage models and backup and...