A solvable machine maintenance model with applications

A.H.G. Rinnooy Kan; J. Telgen

doi:10.1016/S0304-0208(08)73472-8

A solvable machine maintenance model with applications

A.H.G. Rinnooy Kan, J. Telgen

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Abstract

At the end of each time period maintenance work can be performed on a machine at constant cost, reducing operating cost in the next period to zero. If this option is not exercised, the operating cost in the next period increases by a constant. We derive a closed form expression for the maintenance policy that minimizes total cost. Various applications of this model are discussed, one of which is connected with the optimal reinversion policy for linear programming.

Original language	English
Pages (from-to)	303-312
Number of pages	10
Journal	North-Holland Mathematics Studies
Volume	59
DOIs	https://doi.org/10.1016/S0304-0208(08)73472-8
Publication status	Published - 1 Jan 1981
Externally published	Yes

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title = "A solvable machine maintenance model with applications",

abstract = "At the end of each time period maintenance work can be performed on a machine at constant cost, reducing operating cost in the next period to zero. If this option is not exercised, the operating cost in the next period increases by a constant. We derive a closed form expression for the maintenance policy that minimizes total cost. Various applications of this model are discussed, one of which is connected with the optimal reinversion policy for linear programming.",

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AB - At the end of each time period maintenance work can be performed on a machine at constant cost, reducing operating cost in the next period to zero. If this option is not exercised, the operating cost in the next period increases by a constant. We derive a closed form expression for the maintenance policy that minimizes total cost. Various applications of this model are discussed, one of which is connected with the optimal reinversion policy for linear programming.

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A solvable machine maintenance model with applications

Abstract

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