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- W1545719165 abstract "Abstract In this paper, an optimal maintenance policy for a two-unit production system with economic dependence among the units is determined. Unit 1 is subject to stochastic deterioration, described by a proportional hazards model. The covariate value indicating deterioration of unit 1 is observed through condition monitoring at equidistant, discrete time epochs and the age information of unit 2 is available. The objective is to find an optimal opportunistic maintenance policy to minimize the long-run expected average cost per unit time. The problem is formulated and solved in the semi-Markov decision process framework. An effective computational algorithm is developed, illustrated by a numerical example." @default.
- W1545719165 created "2016-06-24" @default.
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- W1545719165 date "2015-01-01" @default.
- W1545719165 modified "2023-09-24" @default.
- W1545719165 title "An Optimal Maintenance Policy for a Two-unit Production System Using a Proportional Hazards Model" @default.
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- W1545719165 doi "https://doi.org/10.1016/j.ifacol.2015.06.410" @default.
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