Accession Number : AD0684414
Title : A MULTI-MACHINE REPLACEMENT AND MAINTENANCE MODEL.
Descriptive Note : Technical note,
Corporate Author : NAVAL CIVIL ENGINEERING LAB PORT HUENEME CALIF
Personal Author(s) : Daniel,Klaus H.
Report Date : APR 1966
Pagination or Media Count : 15
Abstract : The problem of optimal sequential investment and replacement decisions for various power generators is treated by methods of discrete dynamic programming. The objective cost function to be minimized, subject to appropriate constraints, is iteratively determined for a proposed finite N-period as well as for an infinite period model. In the latter case the iteration procedures serve as an approximation of the solution of a functional equation. (Author)
Descriptors : (*INDUSTRIAL EQUIPMENT, *REPLACEMENT THEORY), DYNAMIC PROGRAMMING, DECISION THEORY, ITERATIONS, MULTIPLE OPERATION, MAINTENANCE
Subject Categories : Operations Research
Distribution Statement : APPROVED FOR PUBLIC RELEASE