Profit maximization models for exponential decay processes

DOI10.1016/0377-2217(85)90117-1MaRDI QIDQ1069853zbMATH OpenOpenAlexFDO

Authors G. L. Thompson, V. Udayabhanu, Suresh P. Sethi

Publication date 1985

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0377-2217(85)90117-1

zbMATH Keywords

profit maximizationdecaying revenuedeterministic and stochasticdiscounted and undiscountedexponential decay processesfinite and infinite horizonoil driller's problemreplacement of entities

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Operations research and management science (90B99)

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• A conjecture of Ross for a search problem
• Control of a production system with variable yield and random demand

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