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