A modified preventive maintenance model with degradation rate reduction in a finite time span

Preventive maintenance (PM) can slow the deterioration process of a repairable system and restore the system to a younger state. The proposed PM model of this paper focuses on the restoration effect of degradation rate reduction which can only relieve stress temporarily and slow the rate of system degradation while the hazard rate is still monotonically increased. This PM model considers a deteriorating but repairable system (or equipment) with a finite life time period. This PM model is modified based on an original degradation-rate-reduction PM model over a finite time span of which the searching range for the optimal solution of the time interval between each PM is limited. It is demonstrated that the proposed degradation-rate-reduction PM model over a finite time period can have a better optimal solution than the original PM model. The algorithm of finding the optimal solution for the modified PM model is developed. Examples are provided and are compared with the corresponding original PM model.