Optimal issuing policies under stochastic field lives
Optimal issuing policies under stochastic field lives
复制标题
DOI:
10.2307/3212379
复制
发表时间:
1973-12
影响因子:
1
通讯作者:
Mark Brown;H. Solomon
中科院分区:
文献类型:
--
作者:
Mark Brown;H. Solomon
We consider a stockpile in which each item has a stochastic field life with known distribution, this distribution changing in time in a known deterministic fashion. The problem is to order the items for issuance to the field with the objective of maximizing the total field life. Under monotone likelihood ratio assumptions on the field life distributions, and convexity and concavity assumptions on the change in time of the distributions, we show that LIFO and FIFO policies possess a strong optimality property.