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In this work the problem of obtaining an optimal maintenance policy for a single-machine, single-product workstation that deteriorates over time is addressed, using Markov Decision Process (MDP) models. Two models are proposed. The decision criteria for the first model is based on the cost of...
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with uncertainty, such as expectation, reliability, value at risk, etc. In this paper, we will first summarize our recent … work on a dynamic programming based optimal path algorithm for maximizing the time reliability. We then study the … connection between the maximum reliability problem and the shortest and k-shortest path problems. Copyright Springer Science …
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