Optimal Age Replacement Policies for Items from a Mixture

@article{Murthy1981OptimalAR,
  title={Optimal Age Replacement Policies for Items from a Mixture},
  author={D. Murthy and M M Maxwell},
  journal={IEEE Transactions on Reliability},
  year={1981},
  volume={R-30},
  pages={169-170}
}
An optimal age-replacement policy with items drawn from a mixture of two types is discussed. Conditions under which it is worth testing (at a cost) to obtain the extra information of item type are derived and a numerical example presented. 

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