Accession Number:

AD0755543

Title:

The Tradeoff between Slow and Fast Repair: Illustrations of the Optimal Operating Policy for the Machine Repair Problem.

Descriptive Note:

Technical rept.,

Corporate Author:

SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY RAPID CITY DEPT OF MINING ENGINEERING

Personal Author(s):

Report Date:

1973-01-31

Pagination or Media Count:

44.0

Abstract:

The report extends and illustrates numerically a Markov decision formulation of the machine repair problem with a choice of service between two facilities one slow but inexpensive and the other fast but expensive. In particular the authors consider a system consisting of at most m machines operating simultaneously.

Subject Categories:

  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE