| Article ID: | iaor200590 |
| Country: | China |
| Volume: | 23 |
| Issue: | 4 |
| Start Page Number: | 710 |
| Publication Date: | Apr 2003 |
| Journal: | Systems Engineering Theory & Practice |
| Authors: | Ning Zhang |
| Keywords: | markov processes |
The fleet maintenance policy is proposed in concern with the unique service station and multiple assets. The evolution of the degradable states of the assets is supposed as Markov process. The service time is negative exponential distribution. The maintenance policy is dependent on the degradable state. The objective function is the average net benefit in the operation of the assets. The entrance and stop states are suggested for the decision about maintenance.