Kim, Y.H. and Thomas, Lyn C.
Repair strategies in an uncertain environmeny: stochastic game approach
Stochastic Reliability and Maintenance.
Microsoft Word Stochastic_Gamesunjirevised.doc
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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.
||Centre of Excellence for International Banking, Finance & Accounting
|December 2012||Accepted/In Press|
||26 Sep 2012 11:11
||17 Apr 2017 16:36
|Further Information:||Google Scholar|
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