A dynamic programming - Markov chain algorithm for determining optimal component replacement policies
An algorithm is developed to determine the optimal component replacement rules to follow in managing a particular class of equipment. The work follows basically the models developed previously by S.E. Dreyfus and R.A. Howard. However, a different Markov state description has been used to extend the...
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| Language: | English |
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University of British Columbia
2011
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| Online Access: | http://hdl.handle.net/2429/34775 |