Determining Optimal Replacement Policy with an Availability Constraint via Genetic Algorithms

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Shengliang Zong; Guorong Chai; Yana Su;

We develop a model and a genetic algorithm for determining an optimal replacement policy for power equipment subject to Poisson shocks. If the time interval of two consecutive shocks is less than a threshold value, the failed equipment can be repaired. We assume that th... View more
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