Article ID: | iaor19991108 |
Country: | Netherlands |
Volume: | 98 |
Issue: | 1 |
Start Page Number: | 75 |
End Page Number: | 84 |
Publication Date: | Apr 1997 |
Journal: | European Journal of Operational Research |
Authors: | Feldman Richard M., Chen Mingchih |
Keywords: | markov processes |
In this paper, we study a modified minimal repair/replacement problem that is formulated as a Markov decision process. The operating cost is assumed to be a nondecreasing function of the system's age. The specific maintenance actions for a manufacturing system to be considered are whether to have replacement, minimal repair or keep it operating. It is shown that a control limit policy, or in particular a (