Accession Number : AD0738961

Title :   Operating Policy Optimization Using the Markov Process as a System Model,

Corporate Author : ARMY MATERIEL COMMAND TEXARKANA TEX INTERN TRAINING CENTER

Personal Author(s) : Storrs,Walter A. , III

Report Date : MAY 1969

Pagination or Media Count : 82

Abstract : The objective of the paper is to present the Markov Process as a system model and to demonstrate two techniques for the optimization of a system's Operating Policy. The two techniques are fully explained in Chapters 1 and 2 and provide methods of choosing an Optimum Operating Policy from a set of possible policies. Chapters 3 and 4 contain the solution to two types of problems: a direct application to determine and Optimum Operating Policy, and an extension of the analysis to determine final system specifications as in the case of a new system. The example problems demonstrate that in some cases, using the Markov Process as a system model is a more efficient method of analysis than a computerized simulation. (Author)

Descriptors :   (*MANAGEMENT PLANNING AND CONTROL, STOCHASTIC PROCESSES), (*RELIABILITY, STOCHASTIC PROCESSES), MATRICES(MATHEMATICS), ITERATIONS, COSTS, COMPUTER PROGRAMS, MATHEMATICAL MODELS, SIMULATION

Subject Categories : Administration and Management
      Operations Research
      Mfg & Industrial Eng & Control of Product Sys

Distribution Statement : APPROVED FOR PUBLIC RELEASE