A model for determining strategies to maintain single components of a system at minimal costs
article
In this paper we present a model which determines strategies to maintain single components of a system at minimal (discounted) oosts. 'We focus on civil-technical components which deteriorate gradually. Information about a component's condition is obtained by inspection only, except for an obvious breakdown. Repair returns the component to the as-good-as-new condition. Decisions have to be made on when to inspect (inspection intervals may depend on conditions found) and at which condition level to repair. The problem is modelled as a semi-Markov decision process. A special-purpose iteration procedure leads to an optimal strategy belonging to the class of control-limit rules. This type of maintenance strategy is useful for practical purposes.
TNO Identifier
94748
Source
Heron, 39(2), pp. 65-83.
Pages
65-83
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