A periodic review production and maintenance model with random demand, deteriorating equipment, and binomial yield

@article{Sloan2004APR,
  title={A periodic review production and maintenance model with random demand, deteriorating equipment, and binomial yield},
  author={T. W. Sloan},
  journal={JORS},
  year={2004},
  volume={55},
  pages={647-656}
}
In many environments, product yield is heavily influenced by equipment condition. Despite this fact, previous research has either focused on the issue of maintenance, ignoring the effect of equipment condition on yield, or has focused on the issue of production, omitting the possibility of actively changing the machine state. We formulate a Markov decision process model of a single-stage production system in which demand is random. The product yield has a binomial distribution that depends on… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.

Citations

Publications citing this paper.
Showing 1-10 of 10 extracted citations

The impact of process deterioration on production and maintenance policies

European Journal of Operational Research • 2013
View 8 Excerpts
Highly Influenced

Optimal buffer inventory for maintenance action under random production capacity availability

2012 International Conference on Quality, Reliability, Risk, Maintenance, and Safety Engineering • 2012

References

Publications referenced by this paper.
Showing 1-10 of 23 references

Combined production and maintenance scheduling for a multiple-product, singlemachine production system

TW Sloan, JG Shanthikumar
Product Opns Mngt • 2000

Supply management in assembly systems with random yield and random demand

H Gurnani, R Akella, J Lehoczky
IIE Trans • 2000

An EMQ model with inpsections and random machine failures

V Makis, J Fung
J Opl Res Soc • 1998

Control limits for multi-stage manufacturing processes with binomial yield (single and multiple production runs)

M Barad, D Braha
J Opl Res Soc • 1996

Periodic review production models with variable capacity, random yield and uncertain demand

Y Wang, Y Gerchak
Mngt Sci • 1996

Analysis of a (Q, r, T) inventory policy with deterministic and random yields when future supply is uncertain

M Parlar, D Perry
Eur J Opl Res • 1995

Lot sizing in assembly systems with random component yields

Y Gerchak, Y Wang, CA Yano
IIE Trans • 1994

Similar Papers

Loading similar papers…