A random walk model for a multi-component deteriorating system

DOI10.1016/S0167-6377(01)00109-2MaRDI QIDQ1604049zbMATH OpenOpenAlexFDO

Authors Dror Zuckerman, Wolfgang Stadje

Publication date 3 July 2002

Published in Operations Research Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0167-6377(01)00109-2

zbMATH Keywords

deteriorationlong-run average reward, control-limit policymulti-component systemrandom walkreplacement

Mathematics Subject Classification ID

Sums of independent random variables; random walks (60G50) Reliability, availability, maintenance, inspection in operations research (90B25)

Review text

An optimal replacement strategy for a production system consisting of \(l\) components is to be determined. The state of the system is described by a vector \(i=(i_1,\ldots ,i_l)\), where the nonnegative integers \(i_k\) measure the damage level of the \(k\)-th component (\(i_k=0\) for a perfect component). The moves of the system are described by a Markov chain until a state (depending on the strategy) is reached which enforces perfect repair of all components. Under natural assumptions on the Markov chain, the reward of the operating system, the time and cost of repair the authors prove the existence and the general form of a strategy that optimizes the long-run average reward. In simple examples the optimal strategy is explicitly determined.

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Cites work

• A generalized maintenance model for stochastically deteriorating equipment
• A review of multi-component maintenance models with economic dependence
• Further results of replacement problem of a parallel system in random environment
• scientific article; zbMATH DE number 4013703 (Why is no real title available?)
• Optimal inspection policy for a multi-unit machine
• Optimum replacement of a system subject to shocks
• Replacement problem of a parallel system in random environment

Cited in

(2)

• Explicit results for wear processes in a Markovian environment
• Optimal maintenance of two stochastically deteriorating machines with an intermediate buffer

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