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Department of Mathematical Sciences

Seminar Archives

On this page you can find information about seminars in this and previous academic years, where available on the database.

Statistics Seminars: Optimal inspection and replacement decisions for deteriorating systems

Presented by "Martin Newby (City University, London)",

14 February 2003 14:00 in CM221

"The talk covers the development of a general model for inspection, repair and replacement of a system subject to stochastic degradation. The models are applicable to systems described by monotone or non-monotone stochastic processes. Explicit results are available for some Levy process models. Optimum policies are determined for both average and discounted cost criteria."

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