Optimal Replacement with Semi-Markov Shock Models Using Discounted Costs

• 1 February 1977
• journal article
• Published by Institute for Operations Research and the Management Sciences (INFORMS) in Mathematics of Operations Research
• Vol. 2  (1) , 78-90
• https://doi.org/10.1287/moor.2.1.78

Abstract

Keywords

• OPTIMAL REPLACEMENT
• MARKOV SHOCK
• DISCOUNTED COSTS
• SHOCK MODELS
• USING DISCOUNTED
• SEMI MARKOV