Maximal wearing-out of a deteriorating system: An optimal stopping approach

DOI10.1016/0377-2217(94)90241-0zbMath0806.90052OpenAlexW2014796529MaRDI QIDQ1328635

Wolfgang Stadje

Publication date: 26 July 1994

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0377-2217(94)90241-0

zbMATH Keywords

loss functionoptimal stopping timeoptimal replacementcumulative damage modelcumulative shocks

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25) Stopping times; optimal stopping problems; gambling theory (60G40)

Related Items (4)

Finite Horizon Decision Timing with Partially Observable Poisson Processes ⋮ On-line parameter estimation for a failure-prone system subject to condition monitoring ⋮ Selecting jobs for scheduling on a machine subject to failure ⋮ Filters and parameter estimation for a partially observable system subject to random failure with continuous-range observations

Cites Work

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• Optimal replacement for systems governed by Markov additive shock processes
• Optimal stopping in a cumulative damage model
• Monotone stopping rules forstochastic processes in a semimartingale representation with applications
• Optimal strategies for some repair replacement models
• A note on the optimal replacement time of damaged devices
• Optimal stopping in terminating one-sided processes with unbounded reward functions
• Optimal replacement under additive damage and other failure models
• Optimal replacement of damaged devices
• On Excess Over the Boundary

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