This paper investigates a novel two-phase preventive maintenance policy for a single-
component system with an objective of maximizing the revenue generated by the …

In many real production systems, a system may be stopped due to a lack of demand or
exhaustion of raw materials. This is known as production wait and provides a good …

In this paper, we propose a new condition-based maintenance policy for multi-component
systems taking into account stochastic and economic dependences. The stochastic …

The parallel structure in the reliability engineering is widely used in many industrial systems
such as power generation systems, pump systems, production systems and computing …

In this paper, a new cost optimization model has been developed and demonstrated to
determine cost-effective maintenance plans specifically for performance-based contracting …

Condition-based maintenance (CBM) is an increasingly applicable policy in the competitive
marketplace as a means of improving equipment reliability and efficiency. Not only has …

Wait time due to the exhaustion of raw materials or lack of demand is common in
manufacturing/production processes, which provides cost-effective maintenance …

An accelerated degradation test (ADT) can be used to assess the reliability of highly reliable
products by using degradation information. In this study, to exhibit a monotone increasing …

In this paper, we develop a maintenance model for systems subjected to multiple correlated
degradation processes, where a multivariate stochastic process is used to model the …

We consider the problem of optimally maintaining a periodically inspected system with multi-
level preventive maintenance whose effects are complex. At each inspection, the …