This paper develops a mathematical model to derive the optimal periodical preventive maintenance (PM) policy for a leased facility with Weibull life-time. Within a lease period, any failures of the facility are rectified by minimal repairs and a penalty may occur to the lessor when the time required to perform a minimal repair exceeds a reasonable time limit. To reduce failures of the facility, additional PM actions are carried out periodically during the lease period. When the life-time distribution of a product is Weibull, the optimal number of PM actions and the corresponding maintenance degrees are derived such that the expected total maintenance cost is minimized. The structural properties of the optimal policy are investigated and an efficient algorithm is provided to search for the optimal policy. Finally, numerical examples are provided to illustrate the features of the proposed model.
Quality & Quantity – Springer Journals
Published: May 30, 2005
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera