A previous paper concerned itself with an optimal replacement policy model for a group of ships when the expected number of ships suffering readiness degradations greater than a given value was not permitted to be above a specified fraction of ships in service. Only complete replacement was considered. The present paper considers the additional possibility of modernization. The problem is analyzed for two different stochastic degradation processes and for 'first order sequences'. The basis for a simulation approach to determine optimal policies is presented.


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    Title :

    Readiness Analysis for Ships Where Both Modernization and Replacement are Used to Increase Fleet Readiness


    Contributors:
    S. Kaplan (author)

    Publication date :

    1975


    Size :

    22 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




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