Optimal Replacement for Shock Processes.
Abstract
The research performed under this grant successfully developed a method for determining an optimal state-age dependent replacement policy for a semi-Markov shock model. Comparisons between the method developed here and the standard policy iteration approach show a significant improvement in computer speed and memory requirements. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1977
- Accession Number
- ADA050574
Entities
People
- Richard M. Feldman
Organizations
- Texas A&M University