Repair strategies in an uncertain environment: stochastic game approach
Repair strategies in an uncertain environment: stochastic game approach
This paper deals with repair strategies for stand-by equipment which maximises the time until a catastrophic event occurs –i.e. when there is a vital need for the equipment, and it is unable to respond. We model conflict situations where the environment in which the equipment is needed is controlled by an opponent. In this case the opponent's actions force the need for the equipment, and this situation is modelled as a stochastic game. We develop stochastic game models with constraints on effort and describe the form of the optimal maintenance/repair policy as well as presenting some numerical examples.
123-140
Kim, Y.H.
3e125154-6fce-4734-89be-24c659aaa228
Thomas, Lyn C.
a3ce3068-328b-4bce-889f-965b0b9d2362
Kim, Y.H.
3e125154-6fce-4734-89be-24c659aaa228
Thomas, Lyn C.
a3ce3068-328b-4bce-889f-965b0b9d2362
Kim, Y.H. and Thomas, Lyn C.
(2012)
Repair strategies in an uncertain environment: stochastic game approach.
In,
Dohi, Tadashi and Nakagawa, Toshio
(eds.)
Stochastic Reliability and Maintenance Modeling: Essays in Honor of Professor Shunji Osaki on his 70th Birthday.
London.
Springer, .
(In Press)
Record type:
Book Section
Abstract
This paper deals with repair strategies for stand-by equipment which maximises the time until a catastrophic event occurs –i.e. when there is a vital need for the equipment, and it is unable to respond. We model conflict situations where the environment in which the equipment is needed is controlled by an opponent. In this case the opponent's actions force the need for the equipment, and this situation is modelled as a stochastic game. We develop stochastic game models with constraints on effort and describe the form of the optimal maintenance/repair policy as well as presenting some numerical examples.
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Accepted/In Press date: December 2012
Organisations:
Centre of Excellence for International Banking, Finance & Accounting
Identifiers
Local EPrints ID: 343119
URI: http://eprints.soton.ac.uk/id/eprint/343119
PURE UUID: b05f2484-cc84-43f3-af89-0f7b250d7127
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Date deposited: 26 Sep 2012 11:11
Last modified: 14 Mar 2024 11:59
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Contributors
Author:
Y.H. Kim
Author:
Lyn C. Thomas
Editor:
Tadashi Dohi
Editor:
Toshio Nakagawa
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