A MULTI-MACHINE REPLACEMENT AND MAINTENANCE MODEL.

Abstract

The problem of optimal sequential investment and replacement decisions for various power generators is treated by methods of discrete dynamic programming. The objective cost function to be minimized, subject to appropriate constraints, is iteratively determined for a proposed finite N-period as well as for an infinite period model. In the latter case the iteration procedures serve as an approximation of the solution of a functional equation. (Author)

Document Details

Document Type
Technical Report
Publication Date
Apr 01, 1966
Accession Number
AD0684414

Entities

People

  • Klaus H. Daniel

Organizations

  • Naval Facilities Engineering Service Center

Tags

Communities of Interest

  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Computer Programming
  • Dynamic Programming
  • Equations
  • Generators
  • Investments
  • Iterations
  • Maintenance
  • Mathematics

Fields of Study

  • Mathematics

Readers

  • Life Cycle Cost Analysis
  • Operations Research