Computing optimal quality control policies — two actions
- 1 December 1976
- journal article
- Published by Cambridge University Press (CUP) in Journal of Applied Probability
- Vol. 13 (4) , 826-832
- https://doi.org/10.2307/3212542
Abstract
We study a Markov quality control model in which we may either reset the machine or keep the machine producing items. Both discounted and average costs are considered. We shall show that a monotone policy is optimal and show how to compute the optimal critical point. Two special models are studied along with some numerical results.Keywords
This publication has 3 references indexed in Scilit:
- Arbitrary State Markovian Decision ProcessesThe Annals of Mathematical Statistics, 1968
- Negative Dynamic ProgrammingThe Annals of Mathematical Statistics, 1966
- Discounted Dynamic ProgrammingThe Annals of Mathematical Statistics, 1965