• We characterize the optimal joint replenishment policy. propose a new, exact method to evaluate any Our vastly reduces state-space size when compared Markov approach. introduce generalized can-order policy and improve decomposition new stationary under compound Poisson demand. The makes use of an embedded chain that only considers state system after order is placed. resulting space reduction ...

Abstract Corrosion is an important problem that engineers and scientists must overcome to avoid the collapse of structures, chemical processing plants, metallic objects, which can lead not only economic loss but also environmental human losses. One simplest most widely used methods quantify corrosion rates (CRs) immersion test. The usual approach has been date, CR by this method, assume initial...