SURVEILLANCE PROBLEMS: TWO-DIMENSIONAL SYMMETRIC RANDOM WALK UNDER CONTINUOUS SURVEILLANCE.
Abstract
The paper a sequel to AD-655 159, is concerned with optimal strategies for controlling a two-component symmetric random walk production process under continuous surveillance. Either or both components may be repaired at any time at some cost. A form of long-run average income is used as the criterion for comparing strategies. The class of non-randomized stationary strategies which do not permit hesitation and which allow production on only a finite number of states is shown to be a complete class of strategies under certain assumptions of monotonicity and symmetry on the income function. Properties of optimal strategies are derived and methods are given for evaluating the income criterion for the admissible strategies. The results are applied to obtaining the optimal strategy in a numerical example. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 01, 1968
- Accession Number
- AD0685592
Entities
People
- C. Bradley Russell
Organizations
- Florida State University