Optimal maintenance policy and planned sale date for a machine subject to deterioration and random failure

DOI10.1016/0377-2217(82)90007-8MaRDI QIDQ1158091zbMATH OpenOpenAlexFDO

Authors Ilkka Virtanen

Publication date 1982

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0377-2217(82)90007-8

zbMATH Keywords

maximum principlestochastic optimal controldeteriorationrandom failureoptimal maintenance policyeconomic interpretationsexponentially distributed life time for the machineplanned sale date

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25) Optimal stochastic control (93E20)

Cites work

• A Note on Optimal Maintenance Policy and Sale Date of a Machine
• A bilinear control model for optimal maintenance
• Economic interpretation of models for the replacement of machines
• Optimal Maintenance and Sale Age for a Machine Subject to Failure
• Optimum Maintenance Policy for an Equipment Subject to Deterioration and Random Failure

Cited in

(3)

• Maintenance optimal control three-machine replacement model under technological breakthrough expectations
• Stochastic control theory and operational research
• Cyber vulnerability maintenance policies that address the incomplete nature of inspection

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