Optimal maintenance policy and planned sale date for a machine subject to deterioration and random failure

DOI10.1016/0377-2217(82)90007-8zbMath0471.90059OpenAlexW2040715655MaRDI QIDQ1158091

Jlkka Virtanen

Publication date: 1982

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0377-2217(82)90007-8

zbMATH Keywords

maximum principlestochastic optimal controloptimal maintenance policydeteriorationrandom failureeconomic interpretationsexponentially distributed life time for the machineplanned sale date

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25) Optimal stochastic control (93E20)

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Maintenance optimal control three-machine replacement model under technological breakthrough expectations, Stochastic control theory and operational research

Cites Work

• Economic interpretation of models for the replacement of machines
• Optimum Maintenance Policy for an Equipment Subject to Deterioration and Random Failure
• A bilinear control model for optimal maintenance
• A Note on Optimal Maintenance Policy and Sale Date of a Machine
• Optimal Maintenance and Sale Age for a Machine Subject to Failure