Optimal Replacement with Semi-Markov Shock Models Using Discounted Costs

DOI10.1287/MOOR.2.1.78MaRDI QIDQ4186059zbMATH OpenOpenAlexFDO

Authors Richard M. Feldman

Publication date 1977

Published in Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/moor.2.1.78

zbMATH Keywords

Discounted CostsOptimal ReplacementOptimal Stopping TheorySemi-Markov Shock Models

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Reliability and life testing (62N05) Reliability, availability, maintenance, inspection in operations research (90B25) Minimax problems in mathematical programming (90C47)

Cited in

(6)

• Determining the control limit policy in a replacement model with linear restoration
• Optimal replacement policy for the case where the damage process is a one-sided Levy process
• An optimal state-age dependent replacement for a network system
• A condition based maintenance model for a two-unit series system
• Optimal maintenance of systems subject to deterioration of the renewal type
• A replacement model for an additive damage model with restoration

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