Optimal maintenance and replacement via a semi-Markov decision model

1 September 1975

journal article
research article
Published by Taylor & Francis in International Journal of Systems Science

Vol. 6 (9) , 809-818
https://doi.org/10.1080/00207727508941866

Abstract

Optimal bang-coast maintenance policies for a machine, subject to failure, are considered. The approach utilizes a semi-Markov model for the system. A simplified model for modifying the probability of machine failure with maintenance is employed. A numerical example is presented to illustrate the procedure and results.

Keywords

POLICIES
MARKOV MODEL
OPTIMAL MAINTENANCE
MODEL OPTIMAL
SEMI MARKOV
MARKOV DECISION
MODEL FOR THE SYSTEM

This publication has 2 references indexed in Scilit:

A Direct Approach to Choice under Uncertainty
Management Science, 1972
Preventive Maintenance of Equipment Subject to Continuous Deterioration and Stochastic Failure
Journal of the Operational Research Society, 1968