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Optimal Control of a Maintenance System with Variable Service Rates.
- Source :
- Operations Research; Jul/Aug74, Vol. 22 Issue 4, p736, 10p
- Publication Year :
- 1974
-
Abstract
- This paper examines a production system with variable repair-service rates. Considering costs dependent on the service rates and costs due to lost production, it seeks to minimize the long-run expected average cost of the system. The model is a continuous-time Markovian decision problem. The paper states sufficient conditions for eliminating from consideration certain service rates and for the existence of an optimal stationary policy from a 'simple' class. It also gives an example of a nonsimple optimal policy. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0030364X
- Volume :
- 22
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Operations Research
- Publication Type :
- Academic Journal
- Accession number :
- 6664553
- Full Text :
- https://doi.org/10.1287/opre.22.4.736