Proceedings Vol. 24 (2018)
ENGINEERING MECHANICS 2018
May 14 – 17, 2018, Svratka, Czech Republic
Copyright © 2018 Institute of Theoretical and Applied Mechanics of the Cech Academy of Sciences, Prague
ISBN 978-80-86246-91-8 (electronic)
ISSN 1805-8248 (printed)
ISSN 1805-8256 (electronic)
list of papers scientific commitee
pages 857 - 860, full text
This paper analyzes the problem of profit optimization known in literature for a random variable with an increasing function of increasing failure rate. The problem is generalized in case the random variable has a unimodal failure rate function. This result is illustrated by a numerical example. In the example, the unimodal failure rate function is formed from a mixture of exponential distribution and a distribution with a quadratic and increasing failure rate intensity.
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