Monotone optimal replacement policies for a Markovian deteriorating system in a controllable environment

DOI10.1016/J.ORL.2010.03.001zbMath1195.90093OpenAlexW1993871953MaRDI QIDQ991463

Jeffrey P. Kharoufeh, Murat Kurt

Publication date: 7 September 2010

Published in: Operations Research Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.orl.2010.03.001

zbMATH Keywords

Markov decision processenvironmentreplacementcontrol-limit policy

Mathematics Subject Classification ID

Markov and semi-Markov decision processes (90C40)

Related Items (13)

Joint optimization of ordering and maintenance with condition monitoring data ⋮ A numerical study of Markov decision process algorithms for multi-component replacement problems ⋮ A stochastic time scale based framework for system reliability under a Markovian dynamic environment ⋮ A data-driven approach for condition-based maintenance optimization ⋮ Simultaneous predictive maintenance and inventory policy in a continuously monitoring system using simulation optimization ⋮ Spare Parts Inventory Management with Substitution-Dependent Reliability ⋮ Shape constraints in economics and operations research ⋮ OPTIMAL REPLACEMENT POLICIES UNDER ENVIRONMENT-DRIVEN DEGRADATION ⋮ Optimally maintaining a multi-state system with limited imperfect preventive repairs ⋮ An Approximate Dynamic Programming Algorithm for Monotone Value Functions ⋮ Condition-based maintenance optimization based on matrix algebra ⋮ Robust Control of Partially Observable Failing Systems ⋮ (n,N) type maintenance policy for multi-component systems with failure interactions

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