Abstract
A Markov decision model is presented to determine the optimal maintenance policy fora general production unit. The unique characteristic of the proposed model is the inclusion of the unit’s throughput rate as a decision variable. We show that under appropriate assumptions, the generator matrix of the underlying Markov chain that models the unit’s deterioration process exhibits a separability property which significantly facilitates the solution procedure.
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Iakovou, E., Ip, C. & Koulamas, C. Throughput‐dependent periodic maintenance policiesfor general production units. Annals of Operations Research 91, 41–47 (1999). https://doi.org/10.1023/A:1018914210257
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DOI: https://doi.org/10.1023/A:1018914210257