Throughput-dependent periodic maintenance policies for general production units

Throughput-dependent periodic maintenance policies for general production units

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Article ID: iaor20013787
Country: Netherlands
Volume: 91
Start Page Number: 41
End Page Number: 47
Publication Date: Aug 1999
Journal: Annals of Operations Research
Authors: , ,
Keywords: markov processes
Abstract:

A Markov decision model is presented to determine the optimal maintenance policy for a general production unit. The unique characteristic of the proposed model is the inclusion of the unit's throughput rate as a decision variable. We show that under appropriate assumptions, the generator matrix of the underlying Markov chain that models the unit's deterioration process exhibits a separability property which significantly facilitates the solution procedure.

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