Optimal maintenance policy of a machine


Petrică Claudiu Pop


Abstract

carpathian_1997_13_131_138_abstract

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carpathian_1997_13_131_138

Optimal control methods have a lot of applications in economy, here in this paper are used for simultaneous optimization of maintenance policy and sale date of a machine. For linear variant of the associated optimal control problem we derive explicit expressions for optimal strategies.

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Author(s)

Pop, Petrică Claudiu