Optimal maintenance strategies for systems with partial repair options and without assuming bounded costs

P.B. Bruns

    Research output: Contribution to journalArticleAcademicpeer-review

    15 Citations (Scopus)

    Abstract

    We study a repairable system with Markovian deterioration and partial repair options, carried out at fixed times $n=1,2,\ldots$ and look for optimal strategies under certain conditions. Two optimality criteria are considered: expected discounted cost and long-run average cost. Douer and Yechiali found conditions under which a policy in the class of generalized control limit policies is optimal. In this paper conditions are found under which an optimal policy is a control-limit policy. We explicitly explain how to derive this optimal policy; numerical examples are given, too.
    Original languageUndefined
    Article number10.1016/S0377-2217(01)00182-5
    Pages (from-to)146-165
    Number of pages20
    JournalEuropean journal of operational research
    Volume139
    Issue number1
    DOIs
    Publication statusPublished - 2002

    Keywords

    • IR-62338
    • METIS-206667
    • EWI-12836

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