Title: Probabilistic Approach to Maintenance Scheduling
Abstract:Maintenance has the purpose of prolonging the working life of equipment and of sustaining expected levels of performance and reliability. If equipment deterioration is construed as a probabilistic tra...Maintenance has the purpose of prolonging the working life of equipment and of sustaining expected levels of performance and reliability. If equipment deterioration is construed as a probabilistic transition process, the maintenance decision becomes a decision under uncertainty. A method is discussed that models the transitions as a Markov process and the decision maker's perception of risk by a utility function.Read More
Publication Year: 1988
Publication Date: 1988-01-01
Language: en
Type: article
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