| Article ID: | iaor199768 |
| Country: | Netherlands |
| Volume: | 69 |
| Issue: | 1 |
| Start Page Number: | 75 |
| End Page Number: | 82 |
| Publication Date: | Aug 1993 |
| Journal: | European Journal of Operational Research |
| Authors: | Makis Viliam, Jardine Andrew K.S. |
| Keywords: | programming: markov decision |
A replacement model with general repair which brings the state of the system to a certain better state is considered. The form of the optimal replacement policy is found and the expected average cost per unit time is derived which can be minimized to obtain the optimal replacement time. Numerical examples are provided.