Journal of the Korean Data and Information Science Society

The Korean Data and Information Science Society (한국데이터정보과학회)
권호 표지

Optimal Inspection Period for the System Subject to Random Shocks

  • Published : 2005.11.30
Download PDF
⟨ Previous Next ⟩

Abstract

A system subject to random shocks is considered. The shocks arrive according to a Poisson process and the amount of each shock is exponentially distributed. In this paper, a periodic inspection policy for the system is compared with a random inspection policy. After assigning several maintenance costs to the system, we calculate and compare the long-run average costs per unit time under two policies.

Keywords

References

  1. Journal of Applied Probability v.30 A model for a system subject to random shocks Lee, E.Y.;Lee, J.Y.
  2. Operations Research Letter v.15 Optimal control of a model for a system subject to random shocks Lee, E.Y.;Lee, J.Y.
  3. Journal of Korean Data & Information Science Society v.15 Analysis of a random shock model for a system and ist optimization Park, H.J.;Choi, S.K.;Lee, E.Y.
  4. Stochastic Processes Ross, S.M.