Economic design of an integrated adaptive synthetic X‾$\bar{X}$ chart and maintenance management system
Qiang Wan,
Yongzhong Wu,
Wenhui Zhou and
Xiaohong Chen
Communications in Statistics - Theory and Methods, 2018, vol. 47, issue 11, 2625-2642
Abstract:
Control chart and maintenance management (MM) are two key tools in production management. Although there is a close connection between these tools, they are usually studied separately in both academia and industry. This article develops an integrated model of MM and quality control policy with an adaptive synthetic X‾$\bar{X}$ chart. The corrective maintenance and preventive maintenance are considered. An economical design model that minimizes the general cost of implementing the integrated model is established and solved by a specific genetic algorithm. Numerical experiments are conducted to analyze the optimal policy. The results show that an economic benefit of 2.64% is obtained by the joint optimization model. Finally, the effects of model parameters on the optimal policies are presented through sensitivity analysis, with practical implications for practitioners.
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:taf:lstaxx:v:47:y:2018:i:11:p:2625-2642
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DOI: 10.1080/03610926.2016.1271425
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