Structured maintenance policies on interior sample paths

Lisa M. Maillart and Ludmila Zheltova

Naval Research Logistics (NRL), 2007, vol. 54, issue 6, 645-655

Abstract: We examine the problem of adaptively scheduling perfect observations and preventive replacements for a multi‐state, Markovian deterioration system with silent failures such that total expected discounted cost is minimized. We model this problem as a partially observed Markov decision process and show that the structural properties of the optimal policy hold for certain non‐extreme sample paths. © 2007 Wiley Periodicals, Inc. Naval Research Logistics, 2007

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:54:y:2007:i:6:p:645-655

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