An integrated production, inventory and preventive maintenance model for a multi-product production system

Xuejuan Liu, Wenbin Wang and Rui Peng

Reliability Engineering and System Safety, 2015, vol. 137, issue C, 76-86

Abstract: This paper considers a production system that can produce multiple products alternately. Products go through the system in a sequence and a complete run of all products forms a production cycle. An integrated production, inventory and preventive maintenance model is constructed, which is characterized by the delay-time concept. Two different situations are studied based on whether the unqualified products and downtime caused by the failures of the system, set-up and preventive maintenance can be ignored or not. Three cases are considered for each situation, depending on the position of the preventive maintenance epochs: the first case, where preventive maintenance is carried out at the end of each production cycle; the second case, where preventive maintenance is carried out at each set-up time of the products; and the third case, where preventive maintenance is carried out at some set-up times only, since it may not always be optimal to carry out preventive maintenance at the end of the production cycle or at each set-up time. The modeling objectives are to find the optimal number of production cycles per year and the optimal position of preventive maintenance that will maximize the expected profit per unit time. Numerical examples, using real data, are presented to illustrate the model.

Keywords: Lot sizing; Production; Inventory; Preventive maintenance (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reensy:v:137:y:2015:i:c:p:76-86

DOI: 10.1016/j.ress.2015.01.002

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