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Repair strategies in an uncertain environmeny: stochastic game approach

Record type: Book Section

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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Citation

Kim, Y.H. and Thomas, Lyn C. (2012) Repair strategies in an uncertain environmeny: stochastic game approach In, Stochastic Reliability and Maintenance. Springer-Verlag

More information

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: 18 Jul 2017 05:24

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Contributors

Author: Y.H. Kim
Author: Lyn C. Thomas

University divisions

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