An optimal inspection and replacement policy for a deteriorating system
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optimal policycontinuous-time Markovian deteriorationminimizing the expected total long-run average cost per unit time
Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20) Reliability, availability, maintenance, inspection in operations research (90B25) Applications of renewal theory (reliability, demand theory, etc.) (60K10)
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