A stockpile consists of n items Associated with the ith item is a random variable X,, i

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A stockpile consists of n items Associated with the ith item is a random variable X,, i = 1, , n. If the ith item is put into the field at time 1, its field life is X,e. If X, LR X+1, i = 1,.,n 1, what ordering stochastically maximizes the total field life of all items? Note that if n = 2 and the ordering 1, 2 is used, then the total field life is X, + X2e-ax

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Stochastic Processes

ISBN: 9780471120629

2nd Edition

Authors: Sheldon M. Ross

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