Cost-effective condition-based maintenance using markov decision processes

@article{Amari2006CosteffectiveCM,
  title={Cost-effective condition-based maintenance using markov decision processes},
  author={S. V. Amari and Linda McLaughlin and Hieu Pham},
  journal={RAMS '06. Annual Reliability and Maintainability Symposium, 2006.},
  year={2006},
  pages={464-469}
}
Investigations conducted in several industries indicate that there is no direct relationship between equipment failure and equipment age in the majority of cases. Most failures are caused by events or conditions that occur during component operation and manufacturing processes. Therefore, optimal maintenance decisions should be based on the actual deterioration conditions of the components. Condition-Based Maintenance (CBM) is a methodology that strives to identify incipient faults before they… CONTINUE READING
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