Readiness Analysis for Ships Where Both Modernization and Replacement are Used to Increase Fleet Readiness

Abstract

A previous paper concerned itself with an optimal replacement policy model for a group of ships when the expected number of ships suffering readiness degradations greater than a given value was not permitted to be above a specified fraction of ships in service. Only complete replacement was considered. The present paper considers the additional possibility of modernization. The problem is analyzed for two different stochastic degradation processes and for 'first order sequences'. The basis for a simulation approach to determine optimal policies is presented.

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1975
Accession Number
ADA019427

Entities

People

  • Seymour Kaplan

Organizations

  • New York University

Tags

Communities of Interest

  • Ground and Sea Platforms

DTIC Thesaurus Topics

  • Buildings And Structures
  • Business Administration
  • Capital Investments
  • Degradation
  • Intervals
  • Investments
  • Lead Time
  • Management Personnel
  • Markov Processes
  • Military Research
  • New York
  • Probability
  • Probability Distributions
  • Random Variables
  • Sequences
  • Students
  • Time Intervals

Readers

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