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Interval bounds for the optimal burn-in times for concave or convex reward functions

Foschi, Rachele Interval bounds for the optimal burn-in times for concave or convex reward functions. Journal of applied probability . pp. 1-23. ISSN 0021-9002 (Submitted)

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Abstract

An interesting problem in reliability is to determine the optimal burn-in time. In a previous work, the authors studied the solution of such a problem under a particular cost structure. It has been shown there that a key role in the problem is played by a function $\rho$, representing the reward coming from the use of a component in the field. A relevant case in this investigation is the one when $\rho$ is linear. In this paper, we explore further the linear case and use its solutions as a benchmark for determining the locally optimal times when the function $\rho$ is not linear or under a different cost structure.

Item Type: Article
Uncontrolled Keywords: Burn-in; Bathtub shape; Multiple change points distributions; Reward functions.
Subjects: Q Science > QA Mathematics
Research Area: Economics and Institutional Change
Depositing User: Users 19 not found.
Date Deposited: 27 Nov 2012 13:55
Last Modified: 27 Nov 2012 13:59
URI: http://eprints.imtlucca.it/id/eprint/1432

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