SURVEILLANCE PROBLEMS: POISSON PROCESS UNDER COSTLY SURVEILLANCE,

Abstract

This paper is concerned with optimal strategies for controlling a one-dimensional Poisson production process under costly surveillance. Observations may be taken and repairs may be made at any time at positive cost. A form of the long run average income is used as the criterion for comparing strategies. The class of non-randomized stationary strategies which allow production only when the process is observed in one of a finite number of states is shown to contain an optimal strategy under a certain assumption of monotonicity of the income function. (Author)

Document Details

Document Type
Technical Report
Publication Date
Jun 01, 1967
Accession Number
AD0654898

Entities

People

  • C. Bradley Russell

Organizations

  • Florida State University

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Observation
  • Production
  • Stationary
  • Surveillance

Fields of Study

  • Economics
  • Mathematics

Readers

  • Life Cycle Cost Analysis
  • Mathematical Modeling and Probability Theory.