Optimal maintenance policy and planned sale date for a machine subject to deterioration and random failure (Q1158091)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Optimal maintenance policy and planned sale date for a machine subject to deterioration and random failure |
scientific article |
Statements
Optimal maintenance policy and planned sale date for a machine subject to deterioration and random failure (English)
0 references
1982
0 references
optimal maintenance policy
0 references
planned sale date
0 references
deterioration
0 references
random failure
0 references
stochastic optimal control
0 references
maximum principle
0 references
economic interpretations
0 references
exponentially distributed life time for the machine
0 references
0 references
