Markov Reward Approach and Reliability Associated Cost Model for Machine Tools Maintenance-Planning Optimization

• Published in: International journal of mathematical, engineering and management sciences Vol. 4; no. 4; pp. 824 - 840
• Main Authors: Wenbin, Zeng, Frenkel, Ilia, Guixiang, Shen, Bolvashenkov, Igor, Kammermann, Jörg, Herzog, Hans-Georg, Khvatskin, Lev
• Format: Journal Article
• Language: English
• Published: Dehradun International Journal of Mathematical, Engineering and Management Sciences 01.08.2019; Ram Arti Publishers
• Subjects: Collaboration; Decision making; Energy consumption; Engineering; Failure analysis; Genetic algorithms; Machine tools; Maintenance costs; Markov reward approach; Optimal maintenance-planning; Optimization; Preventive maintenance; Process planning; Product quality; Productivity; Reliability associated cost model

This paper proposes a novel Reliability Associated Cost (RAC) model for machine tools throughout its lifetime that considers two different failure consequences, immediate failure and product rejections increase failure. A maintenance strategy of corrective maintenance combined with overhaul utilized...