A solvable machine maintenance model with applications

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

Research output: Contribution to journalArticleAcademicpeer-review

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 languageEnglish
Pages (from-to)303-312
Number of pages10
JournalNorth-Holland Mathematics Studies
Volume59
DOIs
Publication statusPublished - 1 Jan 1981
Externally publishedYes

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