Age-dependent production planning and maintenance strategies in unreliable manufacturing systems with lost sale

@article{Kenn2007AgedependentPP,
  title={Age-dependent production planning and maintenance strategies in unreliable manufacturing systems with lost sale},
  author={Jean-Pierre Kenn{\'e} and Anis Gharbi and M. Beit},
  journal={European Journal of Operational Research},
  year={2007},
  volume={178},
  pages={408-420}
}
In this paper, we formulate an analytical model for the joint determination of an optimal age-dependent buffer inventory and preventive maintenance policy in a production environment that is subject to random machine breakdowns. Traditional preventive maintenance policies, such as age and periodic replacements, are usually studied based on simplified and non-realistic assumptions, as well as on the expected costs criterion. Finished goods inventories and the age-dependent likelihood of machine… CONTINUE READING

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