Accession Number : AD0755543

Title :   The Tradeoff between Slow and Fast Repair: Illustrations of the Optimal Operating Policy for the Machine Repair Problem.

Descriptive Note : Technical rept.,

Corporate Author : SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY RAPID CITY DEPT OF MINING ENGINEERING

Personal Author(s) : McKnight,Robert D. ; Morey,Richard C.

Report Date : 31 JAN 1973

Pagination or Media Count : 44

Abstract : The report extends and illustrates numerically a Markov decision formulation of the machine repair problem with a choice of service between two facilities; one slow but inexpensive and the other fast but expensive. In particular the authors consider a system consisting of at most m machines operating simultaneously.

Descriptors :   (*DECISION THEORY, *STOCHASTIC PROCESSES), (*MACHINES, *MAINTENANCE), MATHEMATICAL MODELS, LINEAR PROGRAMMING, SPARE PARTS, RELIABILITY, COSTS

Subject Categories : Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE