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A note on optimal inspection policy for stochastically deteriorating series systems
Published online by Cambridge University Press: 14 July 2016
Abstract
A counterexample is given to demonstrate that a previously proposed characterization of optimal inspection policy for series systems is not correct in the discounted case. A set of valid necessary conditions is provided which leads to the characterization of optimality for a special case. The limiting case of these necessary conditions is also examined.
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- Copyright © Applied Probability Trust 1991
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