Optimal Inspection and Maintenance Policy: Integrating a Continuous-Time Markov Chain into a Homing Problem

The state of a machine is modeled as a controlled continuous-time Markov chain. Moreover, the machine is being serviced at random times. The aim is to maximize the time until the machine must be repaired, while taking the maintenance costs into account. The dynamic programming equation satisfied by...

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Hauptverfasser:	Mario Lefebvre, Roozbeh Yaghoubi
Format:	Artigo
Sprache:	Inglês
Veröffentlicht:	MDPI AG 2024-11-01
Schriftenreihe:	Machines
Schlagworte:	continuous-time Markov chain first-passage time homing problem dynamic programming inspection and preventive maintenance
Online-Zugang:	https://www.mdpi.com/2075-1702/12/11/795
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