This paper investigates the effects of preventive-maintenance cost functions on the optimal preventive-maintenance policy for a leased product with Weibull life-time distribution. During the lease period, any product failures are rectified by minimal repairs and may incur a penalty to the lessor, if the time duration for performing a minimal repair exceeds a pre-specified time limit. To reduce ...

The technical equipment developed and used in both installation and operation processes in refineries, oil and gas pipelines, and gas booster stations has always been expensive. Hence, managers at different organizational levels are keen to find methods to control and reduce these costs. Generally speaking, the operators in a gas booster station choose the operating devices without considering ...

in this paper, we focus on a continuously deteriorating critical equipment which its failure cannot be measured by cost criterion. for these types of systems like military systems, nuclear systems, etc it is extremely important to avoid failure during the actual operation of the system. in this paper we propose an approach which constrains failure probability to a pre-specified value. this valu...

This article presents an analysis of maintenance costs and policy critical infrastructure systems, considering the case imperfect repair. The a multistate approach repairs, are analyzed with reference to renewal stream process theory. Availability characteristics repairable systems non-negligible renovation time, necessary for cost analysis, determined based on classical We assume that system i...

In this paper, a single-product, single-machine system under Markovian deterioration of machine condition and demand uncertainty is studied.  The objective is to find the optimal intervals for inspection and preventive maintenance activities in a condition-based maintenance planning with discrete monitoring framework. At first, a stochastic dynamic programming model whose state variable is the ...