Monotone optimal preventive maintenance policies for stochastically failing equipment

DOI10.1002/NAV.3800280301zbMath0464.90030OpenAlexW2022075902MaRDI QIDQ3916354

Michael Q. Anderson

Publication date: 1981

Published in: Naval Research Logistics Quarterly (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1002/nav.3800280301

zbMATH Keywords

infinite time horizonstochastic deteriorationcontinuous time Markov decision processesmaximization of expected discounted rewardmonotone optimal preventive maintenance policiesstochastically failing equipment

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25) Markov and semi-Markov decision processes (90C40) Applications of Markov renewal processes (reliability, queueing networks, etc.) (60K20)

Related Items (6)

Application of Markov renewal theory and <scp>semi‐Markov</scp> decision processes in maintenance modeling and optimization of multi‐unit systems ⋮ Structural properties of optimal tool replacement policy in a machining center ⋮ Replacement and standby redundancy policies in a deteriorating system with aging and random shocks ⋮ Optimal solutions for the machining economics problem with stochastically distributed tool lives ⋮ Optimal maintenance policy in a multistate deteriorating standby system ⋮ Preventive replacement for multi-parts systems

Cites Work

• Unnamed Item
• Dynamic programming and stochastic control

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