A customer’s utility measure based on the reliability of multi-state systems

The main focus of this paper is on the development of utility measures for dynamic multi-state systems that have M + 1 discrete states of working efficiency. To develop the utility measures for multi-state systems, we assume that the degradation of the multi-state systems follows a non-homogeneous s...

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Bibliographic details
Volume: 34
Main Author: D’Amico, Guglielmo
Di Biase, Giuseppe
Manca, Raimondo
Format: Journal Article
Language: English
Place of publication: Milan Springer Milan 01.05.2011
Springer
published in: Decisions in economics and finance Vol. 34; no. 1; pp. 1 - 20
Data of publication: 20110500
ISSN: 1593-8883
1129-6569
EISSN: 1129-6569
Discipline: Economics
Social Sciences (General)
Series: Decisions in Economics and Finance
Subjects:
C44
E20
Online Access: Fulltext
Database: RePEc
RePEc IDEAS
CrossRef
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