Renewal Decision Problem-Random Horizon

A system must operate for T units of time. T is a random variable with known distribution function F. A certain component is essential for the system's operation and when it fails must be replaced with a new component. There are n possible types of replacements. An unlimited supply of each type...

Ausführliche Beschreibung

Bibliographische Detailangaben
Veröffentlicht in:Mathematics of Operations Research. - Institute for Operations Research and the Management Sciences. - 4(1979), 3, Seite 225-232
1. Verfasser: Derman, C. (VerfasserIn)
Weitere Verfasser: Smith, D. R.
Format: Online-Aufsatz
Sprache:English
Veröffentlicht: 1979
Zugriff auf das übergeordnete Werk:Mathematics of Operations Research
Schlagworte:Replacement Multiple types of replacements Exponential life-time distributions IFR horizon distribution Markov decision chains Negative dynamic programming Renewal theory Behavioral sciences Mathematics Economics Applied sciences