Nicolai, R.P.; Frenk, J.B.G.; Dekker, R. - Erasmus University Rotterdam, Econometric Institute - 2007
maintenance costs over a bounded horizon. To this end we model the size of the area affected by corrosion by a non-stationary … model the size of
the area affected by corrosion by a non-stationary gamma process. An imperfect maintenance
action is to be … maintenance, degradation modelling, non-stationary gamma process,
renewal-type dynamic programming equation, life-cycle management …