Machine Replacement with Stochastic Costs

DOI10.1287/MNSC.18.5.288MaRDI QIDQ5659321zbMATH OpenOpenAlexFDO

Authors Basil A. Kalymon

Publication date 1972

Published in Management Science (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/mnsc.18.5.288

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25) Markov and semi-Markov decision processes (90C40)

Cited in

(3)

• On replacement policies for additive systems with several working levels
• Tool replacement with adaptive control in a non-stationary non-periodic stochastic process
• Efficient purchaser incentive when dealing with suppliers implementing continuous improvement plans

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