A General Cost Structure for the Semi-Markov Shock Model.
Abstract
The semi-Markov shock model represents a system where shocks occur at random points in time causing random magnitudes of damage in such a way that the cumulative damage to the system over time is a semi-Markov process. System failure can occur at any of the shock times and the probability of failure is a function of the cumulative damage. An optimal control limit type policy has previously been derived assuming that costs are incurred at the replacement time. This note is to show that the inclusion of state dependent maintenance costs does not significantly affect the form of the optimal control limit. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1977
- Accession Number
- ADA041485
Entities
People
- Richard M. Feldman
Organizations
- Texas A&M University