2015
DOI: 10.1108/jqme-09-2014-0050
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A Markov decision process model case for optimal maintenance of serially dependent power system components

Abstract: Purpose – Using a case study for electrical power equipment, the purpose of this paper is to investigate the importance of dependence between series-connected system components in maintenance decisions. Design/methodology/approach – A continuous-time Markov decision model is formulated to find a minimum cost maintenance policy for a circuit breaker as an independent component while considering a downstream transformer as a dependent comp… Show more

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Cited by 6 publications
(3 citation statements)
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“…Literature review and framework Madu (2000) outlines the importance of businesses and organizations creating a competitive advantage by effective maintenance practices. Others have detailed the importance of using statistical analysis to determine maintenance decisions (Lawrence et al, 1995), and numerous industry applications exist for systems such as repairable and non-repairable systems (Singh Jolly and Jit Singh, 2014;Settanni et al, 2016), jet engines (Settanni et al, 2015), electrical equipment (Bumblauskas et al, 2012(Bumblauskas et al, , 2017aBumblauskas, 2015;Bumblauskas et al, 2015;Chan and Asgarpoor, 2006;Yam et al, 2001), gas distribution equipment (Pievatolo and Ruggeri, 2004), agricultural equipment (Bumblauskas et al, 2015), healthcare (Eker et al, 2012), and building systems (Wong and Li, 2008). Today, post-industrial revolution, we seemingly use terms such as industry 4.0 and industry 5.0 interchangeably to denote the use of cyber-physical systems (CPS), which is well documented (Bumblauskas et al, 2017a;Herterich et al, 2015;Lee et al, 2015aLee et al, , 2015b, industrial CPS (ICPS), safety (Wang et al, 2016), ML, and AI to represent work such as that detailed in this article.…”
Section: Ijqrm 374mentioning
confidence: 99%
“…Literature review and framework Madu (2000) outlines the importance of businesses and organizations creating a competitive advantage by effective maintenance practices. Others have detailed the importance of using statistical analysis to determine maintenance decisions (Lawrence et al, 1995), and numerous industry applications exist for systems such as repairable and non-repairable systems (Singh Jolly and Jit Singh, 2014;Settanni et al, 2016), jet engines (Settanni et al, 2015), electrical equipment (Bumblauskas et al, 2012(Bumblauskas et al, , 2017aBumblauskas, 2015;Bumblauskas et al, 2015;Chan and Asgarpoor, 2006;Yam et al, 2001), gas distribution equipment (Pievatolo and Ruggeri, 2004), agricultural equipment (Bumblauskas et al, 2015), healthcare (Eker et al, 2012), and building systems (Wong and Li, 2008). Today, post-industrial revolution, we seemingly use terms such as industry 4.0 and industry 5.0 interchangeably to denote the use of cyber-physical systems (CPS), which is well documented (Bumblauskas et al, 2017a;Herterich et al, 2015;Lee et al, 2015aLee et al, , 2015b, industrial CPS (ICPS), safety (Wang et al, 2016), ML, and AI to represent work such as that detailed in this article.…”
Section: Ijqrm 374mentioning
confidence: 99%
“…This optimization is carried out either by the cost reduction of dependability attributes (e.g. reliability) or by its increase under the cost constraints (Ray et al, 1980;Elena and Richard, 2013;Bumblauskas, 2015).…”
Section: Motivations and Related Workmentioning
confidence: 99%
“…In this sector, engineering asset and operations managers analyze maintenance data from fleets of similar assets to make operating decisions about resource allocation decisions across a network of equipment -see e.g., Bumblauskas (2015). This research can be useful to asset and operations managers as it presents data analytics that are mostly overlooked in the literature such as MCF and power law NHPP, with few exceptions including Bumblauskas et al (2012).…”
Section: Practical Implications For Engineering Managersmentioning
confidence: 99%