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Optimal inspection under semi‐markovian deterioration: The catastrophic case

Author

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  • Armando Z. Milioni
  • Stanley R. Pliska

Abstract

One seeks the optimal inspection schedule for a system whose deterioration process is a semi‐Markov process that progresses toward failure. Costs are incurred for each inspection, each false positive, and any corrective actions. There is no cost of failure, since failure is catastrophic. Two problems are analyzed. First, one wishes to minimize the expected costs subject to the constraint that the probability of failure be less than a specified value. Alternatively, one wishes to minimize the probability of failure subject to the constraint that a specified number of inspections are performed. A computational example, based on a problem of medical screening, is provided.

Suggested Citation

  • Armando Z. Milioni & Stanley R. Pliska, 1988. "Optimal inspection under semi‐markovian deterioration: The catastrophic case," Naval Research Logistics (NRL), John Wiley & Sons, vol. 35(5), pages 393-411, October.
  • Handle: RePEc:wly:navres:v:35:y:1988:i:5:p:393-411
    DOI: 10.1002/1520-6750(198810)35:53.0.CO;2-N
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    Cited by:

    1. Yeh, Ruey Huei, 1997. "Optimal inspection and replacement policies for multi-state deteriorating systems," European Journal of Operational Research, Elsevier, vol. 96(2), pages 248-259, January.

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