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- W2020160995 abstract "A Markovian stochastic model for a system subject to random shocks is considered. Each shock arriving according to a Poisson process decreases the state of the system by a random amount. A repairman arriving according to another Poisson process repairs the system only if the state is below a threshold. Costs are assigned to each visit of the repairman, to each repair, and to the system being in bad states below the threshold. It is shown that there exists a unique arrival rate of the repairman which minimizes the expected long-run average cost." @default.
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- W2020160995 title "Optimal control of a model for a system subject to random shocks" @default.
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- W2020160995 doi "https://doi.org/10.1016/0167-6377(94)90083-3" @default.
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