DocumentCode
1344559
Title
Cost Optimization of Some Stochastic Maintenance Policies
Author
Menipaz, Ehud
Author_Institution
Deparment of Management Science; The University of of Calgary; Calgary, Alberta T2N 1N4 CANADA.
Issue
2
fYear
1979
fDate
6/1/1979 12:00:00 AM
Firstpage
133
Lastpage
136
Abstract
This paper examines a preparedness policy of a stochastically failing system. It deals with two yet unsolved problems in the field of maintenance policies. Problem 1 analyzes a model that includes a discount factor. Problem 2 analyzes a model that includes maintenance costs that change over time. The models are solved by a conventional method and by dynamic programming.
Keywords
Art; Condition monitoring; Cost function; Dynamic programming; Inspection; Maintenance; Reliability theory; Stochastic processes; Stochastic systems; Discounting; Maintenance policies; Optimization; Preparedness policies; Stochastic processes;
fLanguage
English
Journal_Title
Reliability, IEEE Transactions on
Publisher
ieee
ISSN
0018-9529
Type
jour
DOI
10.1109/TR.1979.5220522
Filename
5220522
Link To Document