Note—A Remark on Optimality of Control Limit Rules
Published Online:1 Jun 1986https://doi.org/10.1287/mnsc.32.6.768
Abstract
A system with a single activated unit subject to Markovian deterioration is considered. It is shown by a numerical example that the optimality of control limit rules is not sufficient for the validity of two assertions of the paper by P. Kolesar (Kolesar, P. 1966. Minimum cost replacement under Markovian deterioration. Management Sci.12 (9, May) 694–706.).
