Maintenance policy for a continuously monitored deteriorating system

Maintenance policy for a continuously monitored deteriorating system

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Article ID: iaor200588
Country: United Kingdom
Volume: 17
Issue: 2
Start Page Number: 235
End Page Number: 250
Publication Date: Apr 2003
Journal: Probability in the Engineering and Informational Sciences
Authors: , , ,
Abstract:

We consider a continuously monitored system that gradually and stochastically deteriorates. An alarm threshold is set on the system deterioration level for triggering a delayed preventive maintenance operation. A mathematical model is developed to find the value of the alarm threshold that minimizes the asymptotic unavailability. Approximations are derived to improve the numerical optimization.

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