  This paper introduces a new mobile sensor scheduling problem, involving a
single robot tasked with monitoring several events of interest that occur at
different locations. Of particular interest is the monitoring of transient
events that can not be easily forecast. Application areas range from natural
phenomena ({\em e.g.}, monitoring abnormal seismic activity around a volcano
using a ground robot) to urban activities ({\em e.g.}, monitoring early
formations of traffic congestion using an aerial robot). Motivated by those and
many other examples, this paper focuses on problems in which the precise
occurrence times of the events are unknown {\em a priori}, but statistics for
their inter-arrival times are available. The robot's task is to monitor the
events to optimize the following two objectives: {\em (i)} maximize the number
of events observed and {\em (ii)} minimize the delay between two consecutive
observations of events occurring at the same location. The paper considers the
case when a robot is tasked with optimizing the event observations in a
balanced manner, following a cyclic patrolling route. First, assuming the
cyclic ordering of stations is known, we prove the existence and uniqueness of
the optimal solution, and show that the optimal solution has desirable
convergence and robustness properties. Our constructive proof also produces an
efficient algorithm for computing the unique optimal solution with $O(n)$ time
complexity, in which $n$ is the number of stations, with $O(\log n)$ time
complexity for incrementally adding or removing stations. Except for the
algorithm, most of the analysis remains valid when the cyclic order is unknown.
We then provide a polynomial-time approximation scheme that gives a
$(1+\epsilon)$-optimal solution for this more general, NP-hard problem.
