1 of 1 people found the following review helpful
A classic in its field.,
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This review is from: Maintenance, Replacement and Reliability (Topics in Operational Research) (Paperback)
I bought this book when first published, over 30 years ago but lost it somehow along the way. Now I'm engaged in teaching again and this is the book you should use to start off a group of beginners. It has a chatty and comfy style, and starts at a low-ish level with simple ideas on probability and the time-value of money. But by the end of the book, it's opened the reader's eyes to a multitude of models and means-of-analysis in practical aspects of reliability, failure and replacement of real capital assets. Almost every student I've had has said at some point, "Oh - yeah, of course..." when they realise the simplicity of seemingly complex relationships and formulae. Actually, the author doesn't use formulae. He works from first principles and gives examples. The only weakness in the book is its assumption that new students know quite a lot about probability distributions including Weibull and the exponential family; so a separate course is required to get them up to speed in these aspects before tackling the book properly. But that can be done if students are engineers, mathematicians, fairly quantitative economists and accountants, management scientists and so on. This item was delivered super quick and is in decent condition, considering that it is public library withdrawn-stock, and which seems to have been borrowed only five times since 1975.
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