Cost optimal replacement of monotone, repairable systems

Article Abstract:

The usefulness of an industrial system may only be assessed by comparing the benefits garnered from the equipment and the corresponding maintenance costs. In monotone systems, wherein a single malfunctioning component can disable the whole system, equipment replacing schedules should be given due consideration. There are equipment which require replacement at fixed time intervals while others get replaced after they start to show performance failures. In the latter cases, the cost of implementing contingency measures should also be calculated.

Electronic computers, Electronic Computer Manufacturing, Computer Systems NEC, Computers, Digital computers, Computer systems, Cost accounting

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Jointly optimal allocation of a repairman and optimal control of service rate for machine repairman problem

Article Abstract:

Maintenance costs for industrial equipment may be kept at a minimum by assigning the most reliable machine to the fastest repairman. A production system is usually composed of different machines with varying reliabilities. Machines with unpredictable performance failures are considered unreliable equipment. As the non-performing machine creates loss of revenue for the whole period of its latency, the speed of repairing should also be considered in pinpointing the optimal repair and maintenance scheme.

Cost Control Techniques, MISCELLANEOUS REPAIR SERVICES, Repair Services NEC, Other Personal and Household Goods Repair and Maintenance, Production management, Cost control, Repair services industry, Repair services

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• Abstracts: Optimal inspection and replacement policies for multi-state deteriorating systems. A generalized group maintenance policy

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