Optimal Allocation of Resources in Systems
Abstract
In the design of a new system, or the maintenance of an old system, allocation of resources is of prime consideration. In allocating resources it is often beneficial to develop a solution that yields an optimal value of the system measure of desirability. In the context of the problems considered in this paper the resources to be allocated are components already produced (assembly problems) and money (allocation in the construction or repair of systems). The measure of desirability for system assembly will usually be maximizing the expected number of systems that perform satisfactorily and the measure in the allocation context will be maximizing the system reliability.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 03, 1974
- Accession Number
- AD0785866
Entities
People
- C. Derman
- G. J. Lieberman
- S. M. Ross
Organizations
- Stanford University