Machine Replacement with Stochastic Costs

DOI10.1287/MNSC.18.5.288zbMATH Open0246.90013OpenAlexW2147661964MaRDI QIDQ5659321FDOQ5659321

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)

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

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