Two optimization models of the optimum inspection problem.

This paper deals with establishing an optimum inspection schedule for systems that are subject to random failure and where the failure can be detected only through an inspection. The paper reviews 'classical' optimum checking policies. Two new optimization models are proposed to find the optimum sequence of inspection times. Theoretical analysis and numerical examples show that the optimum inspection time sequence derived from the proposed models is relatively accurate, robust, and computationally simple. [ABSTRACT FROM AUTHOR]