Optimal procedures for stochastically failing equipment

by Jon H. Folkman, Sidney C. Port

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An investigation of the problem of optimal maintenance procedures for a complex system. The Memorandum is concerned with maximizing the probabilities of having a system like the Apollo vehicle in working state after it has arrived on the moon, taking into account the difficulties of replacement of parts, the limited number of spare parts that can be carried, and the specified time of departure from the moon. The abstract formulation of the problem is applicable, however, to a variety of systems. 31 pp.

This report is part of the RAND Corporation research memorandum series. The Research Memorandum was a product of the RAND Corporation from 1948 to 1973 that represented working papers meant to report current results of RAND research to appropriate audiences.

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