Optimal Inspection and Maintenance Policy: Integrating a Continuous-Time Markov Chain into a Homing Problem
The state of a machine is modeled as a controlled continuous-time Markov chain. Moreover, the machine is being serviced at random times. The aim is to maximize the time until the machine must be repaired, while taking the maintenance costs into account. The dynamic programming equation satisfied by...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2024-11-01
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| Series: | Machines |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2075-1702/12/11/795 |
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