Optimal maintenance policy of a machine
Petrică Claudiu Pop
Abstract
![Download PDF file](https://www.carpathian.cunbm.utcluj.ro/wp-content/uploads/2016/07/adobe-PDF-icon.jpg)
Full PDF
![Download PDF file](https://www.carpathian.cunbm.utcluj.ro/wp-content/uploads/2016/07/adobe-PDF-icon.jpg)
Optimal control methods have a lot of applications in economy, here in this paper are used for simultaneous optimization of maintenance policy and sale date of a machine. For linear variant of the associated optimal control problem we derive explicit expressions for optimal strategies.