Optimal Issuing Policies under Stochastic Field Lives,
Abstract
Consider a stockpile of n items where the ith item has a rating (r sup i), i = 1,...,n. An item with rating (r sup i) if released to the field at time 0 will have a random field life distributed as x sub (r sub i); X sub (r sub i), i = 1,...,n is a collection of random variables which are increasing in r in the sense of monotone likelihood ratio. An item with rating (r sup i) if kept in stockpile until time t and then released to the field will have a field life distributed as X sub (r sub i)d(t) where d(t) is a non-random function. Items are to be issued from the stockpile to the field until the stockpile is depleted. The ith issued item is placed in the field immediately upon the death in the field of the (i-1)st issued item. The problem studied is to find the order of item issue which maximizes in some sense the total field life obtained from the stockpile. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 18, 1972
- Accession Number
- AD0750427
Entities
People
- Herbert Solomon
- Mark O. Brown
Organizations
- George Washington University