Bruns, Peter - In: Mathematical Methods of Operations Research 56 (2003) 3, pp. 481-499
We study a replacement system with discrete-time Markovian deterioration and finite state space {0, …,N}. State 0 stands for a new system, and the larger the state the worse the condition of the system with N as the failure state. We impose the condition that the long-term fraction of...
