Optimal maintenance policy and planned sale date for a machine subject to deterioration and random failure (Q1158091)
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scientific article; zbMATH DE number 3739286
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| English | Optimal maintenance policy and planned sale date for a machine subject to deterioration and random failure |
scientific article; zbMATH DE number 3739286 |
Statements
Optimal maintenance policy and planned sale date for a machine subject to deterioration and random failure (English)
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1982
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optimal maintenance policy
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planned sale date
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deterioration
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random failure
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stochastic optimal control
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maximum principle
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economic interpretations
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exponentially distributed life time for the machine
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