Risk aversion in maintenance: a utility-based approach
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Publication:3065473
DOI10.1093/imaman/dpn013zbMath1202.90095MaRDI QIDQ3065473
Publication date: 6 January 2011
Published in: IMA Journal of Management Mathematics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1093/imaman/dpn013
utility function; inspection; discounting; maintenance; risk aversion; expected shortfall; VaR; standby system; minimax policy; Wald identity
90B25: Reliability, availability, maintenance, inspection in operations research
91B16: Utility theory