2008
DOI: 10.1057/palgrave.jors.2602471
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A finite horizon model for repairable systems with repair restrictions

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Cited by 22 publications
(9 citation statements)
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“…We note that this approach does not take into account that the time horizon is finite. However, it is used because determining optimal maintenance strategies for finite time horizons, which is not the essence of our study, is complex [10,21,30,36]. Furthermore, the error of minimizing the cost rate is acceptable if the length S of the time horizon is large compared to the mean time until a breakdown [29].…”
Section: Myopic Policymentioning
confidence: 99%
“…We note that this approach does not take into account that the time horizon is finite. However, it is used because determining optimal maintenance strategies for finite time horizons, which is not the essence of our study, is complex [10,21,30,36]. Furthermore, the error of minimizing the cost rate is acceptable if the length S of the time horizon is large compared to the mean time until a breakdown [29].…”
Section: Myopic Policymentioning
confidence: 99%
“…The structural properties of the optimal policy have been shown in Lugtigheid et al 27 , and is governed by the following theorems.…”
Section: (T X Y)mentioning
confidence: 99%
“…In this paper, we consider a system with a critical component that fails randomly and requires maintenance during the lifespan of the system. Motivated by the fact that capital goods often have a planned duration of service at the time of acquisition ( Cheng, Pandey, & van der Weide, 2012;Jiang, 2009;Lugtigheid, Jiang, & Jardine, 2008;Nakagawa & Mizutani, 2009 ), we assume that the system lifespan is finite and known. We assume that age-based maintenance is applied to preventively replace the critical component.…”
Section: Introductionmentioning
confidence: 99%