Inspection—Maintenance—Replacement Schedules Under Markovian Deterioration

1 October 1962

journal article
Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science

Vol. 9 (1) , 25-32
https://doi.org/10.1287/mnsc.9.1.25

Abstract

A problem of finding optimal policies for the management of systems whose deterioration can be expressed as a Markov chain is considered. Using methods due to Manne and Derman for sequential decision problems involving average cost per unit time criteria, it is shown that the problem can be formulated in linear programming terms.

Keywords

LINEAR SYSTEMS
QUALITY CONTROL
PROBABILITY
STATISTICAL ANALYSIS
DECISION PROBLEM
LINEAR PROGRAMMING
MARKOV CHAIN
SAMPLING
RELIABILITY
SCHEDULING
LINEAR PROGRAM

This publication has 0 references indexed in Scilit: