Additional Information
| Author(s) | Pop, Petrică Claudiu |
|---|
Optimal maintenance policy of a machine
Petrică Claudiu Pop
Abstract
carpathian_1997_13_131_138_abstractFull PDF
carpathian_1997_13_131_138Optimal 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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