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Condition-Based Maintenance Policies for Modular Monotic Multi-state Systems

In: Operations Research Proceedings 2014

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  • Michael Krause

    (Clausthal University of Technology)

Abstract

In this work, we consider a modular monotonic multi-state system, i.e., a system with several components evolving in different states, where the maintenance of a component cannot impair the performance of the system. A structure function provides the system performance depending on the states of its components. Furthermore, we suppose that for each component, the deterioration over time can be described by a deterministic or stochastic process with known properties. The amount of money to be spent on the components’ maintenance is limited by a given budget. A loss in the system performance results in opportunity costs. We try to find a component-specific maintenance policy which minimizes the opportunity cost over a finite planning horizon.

Suggested Citation

  • Michael Krause, 2016. "Condition-Based Maintenance Policies for Modular Monotic Multi-state Systems," Operations Research Proceedings, in: Marco Lübbecke & Arie Koster & Peter Letmathe & Reinhard Madlener & Britta Peis & Grit Walther (ed.), Operations Research Proceedings 2014, edition 1, pages 307-312, Springer.
    • Handle: RePEc:spr:oprchp:978-3-319-28697-6_43
    DOI: 10.1007/978-3-319-28697-6_43
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