The value of observing the condition of a deteriorating machine

Stephen M. Gilbert and Hena M Bar

Naval Research Logistics (NRL), 1999, vol. 46, issue 7, 790-808

Abstract: We examine a small lot production setting in which a machine may go out of control and begin producing defective units. Traditionally, managers have had to rely upon observations of the quality of the output to determine whether the machine is in or out of control. However, with advances in technology such as vibration analysis, it is increasingly possible to obtain much more accurate information about the state of the machine. In this paper, we model and analyze a deteriorating machine in order to gain insight into the conditions under which investments in such technology are most beneficial. © 1999 John Wiley & Sons, Inc. Naval Research Logistics 46: 790–808, 1999

Date: 1999
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https://doi.org/10.1002/(SICI)1520-6750(199910)46:73.0.CO;2-L

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navres:v:46:y:1999:i:7:p:790-808

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