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The optimal repairing rules under demand risk
Description
This paper focuses upon the optimal repairing rules of public systems under demand uncertainty. An optimal impulse control model is formulated to determine the optimal sequence of impulse timing: and the recovery policy to minimize the present values of expected life cycle costs. The optimal repairing rules can be formulated as a set of adaptive state-dependent rules. The repairing rules can be applied based upon updated observations about service levels of systems. A numerical example illustrates how adaptive rules can be calculated in a given demand environment.
Journal
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- SMC 2000 Conference Proceedings. 2000 IEEE International Conference on Systems, Man and Cybernetics. 'Cybernetics Evolving to Systems, Humans, Organizations, and their Complex Interactions' (Cat. No.00CH37166)
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SMC 2000 Conference Proceedings. 2000 IEEE International Conference on Systems, Man and Cybernetics. 'Cybernetics Evolving to Systems, Humans, Organizations, and their Complex Interactions' (Cat. No.00CH37166) 1 560-565, 2002-11-08
IEEE