We consider a dynamic, stochastic extension to the transportation problem. For the deterministic problem, there are known necessary and sufficient conditions under which a greedy algorithm achieves the optimal solution. We define a distribution-free type of optimality and provide analogous...

In this research, we study an optimal overhaul-replacement policy of a multi-degraded repairable system sold with a free replacement warranty. In the proposed replacement policy, a maintenance action and failure are dependent on a system degradation level and the system age, and hence the...