Structured replacement policies for a Markov-modulated shock model |
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| Authors: | Murat Kurt Lisa M Maillart |
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| Institution: | aDepartment of Industrial Engineering, University of Pittsburgh, United States |
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| Abstract: | We establish the optimality of structured replacement policies for a periodically inspected system that fails silently whenever the cumulative number of shocks, or the magnitude of a single shock it has received, exceeds a corresponding threshold. Shocks arrive according to a Markov-modulated Poisson process which represents the (controllable or uncontrollable) environment. |
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| Keywords: | Shock model Markov-modulated Poisson process Markov decision process Control-limit policy |
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