Determining of an Optimal Maintenance Policy for Three State Machine Replacement Problem Using Dynamic Programming

In this article, we present a sequential sampling plan for a three-state machine replacement problem using dynamic programming model. We consider an application of the Bayesian Inferences in a machine replacement problem. The machine was studied at different states of good, medium and bad. Discount...

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Bibliographic Details
Main Authors: Mohammad Saber Fallahnezhad, Morteza Pourgharibshahi
Format: Article
Language:English
Published: Kharazmi University 2017-05-01
Series:International Journal of Supply and Operations Management
Subjects:
Online Access:http://www.ijsom.com/article_2730_0472c06ac5a83a39fbb39a71d569304d.pdf