\(\epsilon\)-forced adaptive policy in age replacement (Q1085045)
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scientific article; zbMATH DE number 3980887
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| English | \(\epsilon\)-forced adaptive policy in age replacement |
scientific article; zbMATH DE number 3980887 |
Statements
\(\epsilon\)-forced adaptive policy in age replacement (English)
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1984
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We consider the problem of minimizing the long-run average cost per unit time in age replacement with an unknown failure distribution. Utilizing the idea of \(\epsilon\)-forced choices, which may be thought of as a modification of forced circles given by \textit{B. L. Fox} and \textit{J. E. Rolph} [Ann. of Statist. 1, 334-341 (1973; Zbl 0259.90056)], we construct the adaptive policy which has a non-parametrically good property and is Bayes against a Dirichlet process prior.
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long-run average cost
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age replacement
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unknown failure distribution
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\(\epsilon \)-forced choices
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adaptive policy
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0.7848612070083618
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0.7749766111373901
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0.7704827189445496
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0.7655788660049438
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