An Optimal Ordering and Replacement Policy of a Markovian Degradation System under Complete Observation
نویسنده
چکیده
This paper consideres an optimal ordering and replacement problem of a continuous time Markovian degradation system. An optimal policy minimizes the expected cost per unit time in an infinite time horizon. The problem is formulated by semi-Markov decision process and the optimality of an (n,N)-policy is shown. Further, the expected cost rate of the system operated under an (n,N)-policy is obtained.
منابع مشابه
An Optimal Ordering and Replacement Policy of a Markovian Deterioration System
UNDER INCOMPLETE OBSERVATION PART n Hajime Kawai University of Osaka Prefecture (Received July 6, 1982; Revised June 29, 1983) We consider an optimal ordering and replacement policy of a discrete time Markovian deterioration system when the observation of the system is incomplete. The problem is to examine the structure of an optimal policy which minimizes the total expected discounted cost in ...
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