Optimal replacement in a system of n-machines with random horizon

This paper considers a system consisting of independently operating n-machines, which follows a deterioration processes with an associated cost function. It is assumed that the system is observed at discrete time and the objective function is the total expected cost. Also, it is considered that the...

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Autores principales:	Ilhuicatzi-Roldan,Rocio, Cruz-Suarez,Hugo
Lenguaje:	English
Publicado:	Universidad Católica del Norte, Departamento de Matemáticas 2012
Materias:	Mathematical programming Optimal stochastic control Dynamic programming Markov decision processes.
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0716-09172012000300003
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spelling	oai:scielo:S0716-091720120003000032012-11-13Optimal replacement in a system of n-machines with random horizonIlhuicatzi-Roldan,RocioCruz-Suarez,Hugo Mathematical programming Optimal stochastic control Dynamic programming Markov decision processes. This paper considers a system consisting of independently operating n-machines, which follows a deterioration processes with an associated cost function. It is assumed that the system is observed at discrete time and the objective function is the total expected cost. Also, it is considered that the horizon of the problem is random. For this problem, a replacement optimal policy that minimize the operation cost of the system is provided. Besides, a numerical example through a program in Matlab is presented.info:eu-repo/semantics/openAccessUniversidad Católica del Norte, Departamento de MatemáticasProyecciones (Antofagasta) v.31 n.3 20122012-09-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0716-09172012000300003en10.4067/S0716-09172012000300003
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Mathematical programming Optimal stochastic control Dynamic programming Markov decision processes.
spellingShingle	Mathematical programming Optimal stochastic control Dynamic programming Markov decision processes. Ilhuicatzi-Roldan,Rocio Cruz-Suarez,Hugo Optimal replacement in a system of n-machines with random horizon
description	This paper considers a system consisting of independently operating n-machines, which follows a deterioration processes with an associated cost function. It is assumed that the system is observed at discrete time and the objective function is the total expected cost. Also, it is considered that the horizon of the problem is random. For this problem, a replacement optimal policy that minimize the operation cost of the system is provided. Besides, a numerical example through a program in Matlab is presented.
author	Ilhuicatzi-Roldan,Rocio Cruz-Suarez,Hugo
author_facet	Ilhuicatzi-Roldan,Rocio Cruz-Suarez,Hugo
author_sort	Ilhuicatzi-Roldan,Rocio
title	Optimal replacement in a system of n-machines with random horizon
title_short	Optimal replacement in a system of n-machines with random horizon
title_full	Optimal replacement in a system of n-machines with random horizon
title_fullStr	Optimal replacement in a system of n-machines with random horizon
title_full_unstemmed	Optimal replacement in a system of n-machines with random horizon
title_sort	optimal replacement in a system of n-machines with random horizon
publisher	Universidad Católica del Norte, Departamento de Matemáticas
publishDate	2012
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0716-09172012000300003
work_keys_str_mv	AT ilhuicatziroldanrocio optimalreplacementinasystemofnmachineswithrandomhorizon AT cruzsuarezhugo optimalreplacementinasystemofnmachineswithrandomhorizon
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Optimal replacement in a system of n-machines with random horizon

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