Towards a general condition based maintenance model for a stochastic dynamic system

• Published in: The Journal of the Operational Research Society Vol. 51; no. 2; pp. 145 - 155
• Main Authors: Wang, W, Christer, A H
• Format: Journal Article
• Language: English
• Published: London Taylor & Francis 01.02.2000; Macmillan Press; Palgrave Macmillan UK; Palgrave; Taylor & Francis Ltd
• Subjects: Applied sciences; Business and Management; Case-oriented Paper; Case-Oriented Papers; condition monitoring; Decision making models; decision modelling; Estimation methods; Exact sciences and technology; Maintenance; Maintenance costs; Maintenance management; Management; Modeling; Operational research and scientific management; Operational research. Management science; Operations Research/Decision Theory; Parametric models; Preventive maintenance; Reliability theory. Replacement problems; replacement; Replacement value; stochastic; Stochastic models; Studies; Unit costs; stochastic; condition monitoring; maintenance; replacement; decision modelling; Stochastic model; Parameter estimation; Deterioration; Decision making; Replacement; Maintenance; Dynamical system; Modeling; Stochastic system; Preventive maintenance; Monitoring

This paper considers a stochastic dynamic system subject to random deterioration, with regular condition monitoring and preventive maintenance. A model is presented to advise at a monitoring check what maintenance action to take based upon the condition monitoring and preventive maintenance informat...