Optimum maintenance policy with Markov processes

@inproceedings{Chana2006OptimumMP,
  title={Optimum maintenance policy with Markov processes},
  author={G Chana and S. Asgarpoorb},
  year={2006}
}
  • G Chana, S. Asgarpoorb
  • Published 2006
This paper presents a method to find the optimum maintenance policy for a component. Random failures and failures due to deterioration are considered. Using Markov processes, the state probabilities are calculated and the optimal value of the mean time to preventive maintenance is determined by maximizing the availability of single component with respect to mean time to minimal preventive maintenance. Using the state probabilities, the problem is set up as Markov decision processes and an… CONTINUE READING
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