The literature on maintenance models is surveyed. The focus is on work appearing since the 1965 survey, “Maintenance Policies for Stochastically Failing Equipment: A Survey” by John McCall and the 1965 book, The Mathematical Theory of Reliability , by Richard Barlow and Frank Proschan. The survey includes models which involve an optimal decision to procure, inspect, and repair and/or replace a unit subject to deterioration in service.
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Pierskalla et al. (1976) studied this question.
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