Optimal Stopping Problem In Machine Maintenance Decision Making Time
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Abstract
This study studied the Optimal Stopping Time before maintenance. Since the time which was used to change the part of machine can not explain appropriately when is the correct time to change it. Sometime the machine part was broken after the changing was carried out. Sometime the part of machine was changed so quickly, it means that the cost for this was very high. This model was made to solve this problem, using the idea of the optimal time to stop one activity to start another activity. This performance is called Optimal Sopping Problem.
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References
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