Kurt, Murat; Kharoufeh, Jeffrey P. - In: European Journal of Operational Research 205 (2010) 2, pp. 368-380
We consider the problem of optimally maintaining a periodically inspected system that deteriorates according to a discrete-time Markov process and has a limit on the number of repairs that can be performed before it must be replaced. After each inspection, a decision maker must decide whether to...