Throughput‐dependent periodic maintenance policiesfor general production units

E. Iakovou, C.M. Ip and C. Koulamas

Annals of Operations Research, 1999, vol. 91, issue 0, 47 pages

Abstract: A Markov decision model is presented to determine the optimal maintenance policy fora general production unit. The unique characteristic of the proposed model is the inclusionof the unit's throughput rate as a decision variable. We show that under appropriate assumptions,the generator matrix of the underlying Markov chain that models the unit's deterioration processexhibits a separability property which significantly facilitates the solution procedure. Copyright Kluwer Academic Publishers 1999

Date: 1999
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DOI: 10.1023/A:1018914210257

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