Optimal Deployment of Irreparable, Multi-component Systems

• Published in: IISE Annual Conference. Proceedings p. 1
• Main Authors: Flory, John A, Kharoufeh, Jeffrey P, Maillart, Lisa M
• Format: Journal Article
• Language: English
• Published: Norcross Institute of Industrial and Systems Engineers (IISE) 01.01.2010
• Subjects: Age; Diminishing marginal utility; Expected utility; Global positioning systems; GPS; Industrial engineering; Markov analysis; Payloads; Planning; Salvage value; Satellites; Systems design

We consider the problem of optimally timing the deployment of individual components in a multi-component system with the objective of maximizing the overall system utility over a finite planning horizon. The condition of each component, and its priority level, evolve stochastically over time while d...