IDEAS home Printed from https://ideas.repec.org/a/eee/reensy/v236y2023ics095183202300217x.html
   My bibliography  Save this article

Improving classical optimal age-replacement policies for degrading items

Author

Listed:
  • Finkelstein, Maxim
  • Cha, Ji Hwan
  • Langston, Amy

Abstract

We consider items with observable at inspections degradation. Following an inspection, a decision is made whether to replace an item or to continue operation. When degradation is relatively small, it is cost-beneficial to continue operation and postpone the preventive maintenance. The innovative, probabilistically justified replacement policy defines the postponement in this case. It is based on comparison of the observed degradation with the specially defined reference values. Degradation is modeled by the increasing stochastic process, specifically by the Poisson counting process and by the homogeneous gamma process. Detailed illustrative numerical examples describing the main steps of the developed original methodology are provided. They also show that the proposed policy can result in a significant cost reduction and increase in the replacement times.

Suggested Citation

  • Finkelstein, Maxim & Cha, Ji Hwan & Langston, Amy, 2023. "Improving classical optimal age-replacement policies for degrading items," Reliability Engineering and System Safety, Elsevier, vol. 236(C).
    • Handle: RePEc:eee:reensy:v:236:y:2023:i:c:s095183202300217x
    DOI: 10.1016/j.ress.2023.109303
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S095183202300217X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ress.2023.109303?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Tambe, Pravin P. & Kulkarni, Makarand S., 2022. "A reliability based integrated model of maintenance planning with quality control and production decision for improving operational performance," Reliability Engineering and System Safety, Elsevier, vol. 226(C).
    2. Cha, Ji Hwan & Finkelstein, Maxim & Levitin, Gregory, 2017. "On preventive maintenance of systems with lifetimes dependent on a random shock process," Reliability Engineering and System Safety, Elsevier, vol. 168(C), pages 90-97.
    3. Guo, Chunhui & Liang, Zhenglin, 2022. "A predictive Markov decision process for optimizing inspection and maintenance strategies of partially observable multi-state systems," Reliability Engineering and System Safety, Elsevier, vol. 226(C).
    4. Alaswad, Suzan & Xiang, Yisha, 2017. "A review on condition-based maintenance optimization models for stochastically deteriorating system," Reliability Engineering and System Safety, Elsevier, vol. 157(C), pages 54-63.
    5. Hongzhou Wang & Hoang Pham, 2006. "Reliability and Optimal Maintenance," Springer Series in Reliability Engineering, Springer, number 978-1-84628-325-3, April.
    6. Wang, Jingjing & Qiu, Qingan & Wang, Huanhuan, 2021. "Joint optimization of condition-based and age-based replacement policy and inventory policy for a two-unit series system," Reliability Engineering and System Safety, Elsevier, vol. 205(C).
    7. Cha, Ji Hwan & Finkelstein, Maxim & Levitin, Gregory, 2018. "Bivariate preventive maintenance of systems with lifetimes dependent on a random shock process," European Journal of Operational Research, Elsevier, vol. 266(1), pages 122-134.
    8. Wang, Jingjing & Miao, Yonghao, 2021. "Optimal preventive maintenance policy of the balanced system under the semi-Markov model," Reliability Engineering and System Safety, Elsevier, vol. 213(C).
    9. Hamidi, Maryam & Szidarovszky, Ferenc & Szidarovszky, Miklos, 2016. "New one cycle criteria for optimizing preventive replacement policies," Reliability Engineering and System Safety, Elsevier, vol. 154(C), pages 42-48.
    10. Pan, Zhengqiang & Balakrishnan, Narayanaswamy, 2011. "Reliability modeling of degradation of products with multiple performance characteristics based on gamma processes," Reliability Engineering and System Safety, Elsevier, vol. 96(8), pages 949-957.
    11. Wang, Hongzhou, 2002. "A survey of maintenance policies of deteriorating systems," European Journal of Operational Research, Elsevier, vol. 139(3), pages 469-489, June.
    12. Ji Hwan Cha & Maxim Finkelstein, 2020. "On optimal life extension for degrading systems," Journal of Risk and Reliability, , vol. 234(3), pages 487-495, June.
    13. I.T. Castro & N.C. Caballé & C.J. Pérez, 2015. "A condition-based maintenance for a system subject to multiple degradation processes and external shocks," International Journal of Systems Science, Taylor & Francis Journals, vol. 46(9), pages 1692-1704, July.
    14. Ji Hwan Cha & Maxim Finkelstein, 2018. "Point Processes for Reliability Analysis," Springer Series in Reliability Engineering, Springer, number 978-3-319-73540-5, April.
    15. Pedersen, Tom Ivar & Vatn, Jørn, 2022. "Optimizing a condition-based maintenance policy by taking the preferences of a risk-averse decision maker into account," Reliability Engineering and System Safety, Elsevier, vol. 228(C).
    16. Richard Barlow & Larry Hunter, 1960. "Optimum Preventive Maintenance Policies," Operations Research, INFORMS, vol. 8(1), pages 90-100, February.
    17. Wang, Jingjing & Qiu, Qingan & Wang, Huanhuan & Lin, Cong, 2021. "Optimal condition-based preventive maintenance policy for balanced systems," Reliability Engineering and System Safety, Elsevier, vol. 211(C).
    18. Zhang, Fengxia & Shen, Jingyuan & Liao, Haitao & Ma, Yizhong, 2021. "Optimal preventive maintenance policy for a system subject to two-phase imperfect inspections," Reliability Engineering and System Safety, Elsevier, vol. 205(C).
    19. van Noortwijk, J.M., 2009. "A survey of the application of gamma processes in maintenance," Reliability Engineering and System Safety, Elsevier, vol. 94(1), pages 2-21.
    20. Toshio Nakagawa, 2005. "Maintenance Theory of Reliability," Springer Series in Reliability Engineering, Springer, number 978-1-84628-221-8, April.
    21. Liao, Haitao & Elsayed, Elsayed A. & Chan, Ling-Yau, 2006. "Maintenance of continuously monitored degrading systems," European Journal of Operational Research, Elsevier, vol. 175(2), pages 821-835, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Peng, Shizhe & Jiang, Wei & Huang, Wenpo & Luo, Qinglin, 2024. "The impact of gamma usage processes on preventive maintenance policies under two-dimensional warranty," Reliability Engineering and System Safety, Elsevier, vol. 242(C).
    2. Safaei, Fatemeh & Taghipour, Sharareh, 2024. "Integrated degradation-based burn-in and maintenance model for heterogeneous and highly reliable items," Reliability Engineering and System Safety, Elsevier, vol. 244(C).
    3. Jiang, Weixin & Cui, Lirong & Liang, Xiaojun, 2024. "Optimal maintenance policies for three-unit parallel production systems considering yields," Reliability Engineering and System Safety, Elsevier, vol. 248(C).
    4. Chien, Yu-Hung & Zhang, Zhe George, 2024. "Optimal replacement policy based on number of failures for a system with multiple attempt minimal repairs," Reliability Engineering and System Safety, Elsevier, vol. 251(C).
    5. Cha, Ji Hwan & Finkelstein, Maxim, 2024. "Preventive maintenance for the constrained multi-attempt minimal repair," Reliability Engineering and System Safety, Elsevier, vol. 243(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Finkelstein, Maxim & Cha, Ji Hwan & Bedford, Tim, 2023. "Optimal preventive maintenance strategy for populations of systems that generate outputs," Reliability Engineering and System Safety, Elsevier, vol. 237(C).
    2. Cha, Ji Hwan & Finkelstein, Maxim, 2024. "Preventive maintenance for the constrained multi-attempt minimal repair," Reliability Engineering and System Safety, Elsevier, vol. 243(C).
    3. Ji Hwan Cha & Maxim Finkelstein & Gregory Levitin, 2022. "Replacement Policy for Heterogeneous Items Subject to Gamma Degradation Processes," Methodology and Computing in Applied Probability, Springer, vol. 24(3), pages 1323-1340, September.
    4. Ji Hwan Cha & Maxim Finkelstein, 2020. "On optimal life extension for degrading systems," Journal of Risk and Reliability, , vol. 234(3), pages 487-495, June.
    5. Cha, Ji Hwan & Finkelstein, Maxim & Levitin, Gregory, 2018. "Bivariate preventive maintenance of systems with lifetimes dependent on a random shock process," European Journal of Operational Research, Elsevier, vol. 266(1), pages 122-134.
    6. Hashemi, M. & Asadi, M. & Zarezadeh, S., 2020. "Optimal maintenance policies for coherent systems with multi-type components," Reliability Engineering and System Safety, Elsevier, vol. 195(C).
    7. Ji Hwan Cha & Maxim Finkelstein & Gregory Levitin, 2017. "Bivariate preventive maintenance for repairable systems subject to random shocks," Journal of Risk and Reliability, , vol. 231(6), pages 643-653, December.
    8. Maxim Finkelstein & Ji Hwan Cha & Amy Langston, 2023. "Termination versus operation extension for degrading systems," Journal of Risk and Reliability, , vol. 237(6), pages 1175-1185, December.
    9. Cha, Ji Hwan & Finkelstein, Maxim & Levitin, Gregory, 2021. "Optimal warranty policy with inspection for heterogeneous, stochastically degrading items," European Journal of Operational Research, Elsevier, vol. 289(3), pages 1142-1152.
    10. de Jonge, Bram & Scarf, Philip A., 2020. "A review on maintenance optimization," European Journal of Operational Research, Elsevier, vol. 285(3), pages 805-824.
    11. Maxim Finkelstein & Ji Hwan Cha & Shyamal Ghosh, 2021. "Optimal inspection for missions with a possibility of abortion or switching to a lighter regime," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 29(3), pages 722-740, October.
    12. Finkelstein, Maxim & Cha, Ji Hwan & Langston, Amy, 2022. "Optimal preventive switching of components in degrading systems," Reliability Engineering and System Safety, Elsevier, vol. 219(C).
    13. Hamdan, K. & Tavangar, M. & Asadi, M., 2021. "Optimal preventive maintenance for repairable weighted k-out-of-n systems," Reliability Engineering and System Safety, Elsevier, vol. 205(C).
    14. Alaswad, Suzan & Xiang, Yisha, 2017. "A review on condition-based maintenance optimization models for stochastically deteriorating system," Reliability Engineering and System Safety, Elsevier, vol. 157(C), pages 54-63.
    15. Badía, F.G. & Berrade, M.D. & Cha, Ji Hwan & Lee, Hyunju, 2018. "Optimal replacement policy under a general failure and repair model: Minimal versus worse than old repair," Reliability Engineering and System Safety, Elsevier, vol. 180(C), pages 362-372.
    16. Esposito, Nicola & Mele, Agostino & Castanier, Bruno & GIORGIO, Massimiliano, 2023. "A hybrid maintenance policy for a deteriorating unit in the presence of three forms of variability," Reliability Engineering and System Safety, Elsevier, vol. 237(C).
    17. Sharafali, Moosa & Tarakci, Hakan & Kulkarni, Shailesh & Razack Shahul Hameed, Raja Abdul, 2019. "Optimal delivery due date for a supplier with an unreliable machine under outsourced maintenance," International Journal of Production Economics, Elsevier, vol. 208(C), pages 53-68.
    18. Lee, Juseong & Mitici, Mihaela, 2020. "An integrated assessment of safety and efficiency of aircraft maintenance strategies using agent-based modelling and stochastic Petri nets," Reliability Engineering and System Safety, Elsevier, vol. 202(C).
    19. Giorgio, Massimiliano & Pulcini, Gianpaolo, 2024. "The effect of model misspecification of the bounded transformed gamma process on maintenance optimization," Reliability Engineering and System Safety, Elsevier, vol. 241(C).
    20. Asadi, Majid, 2023. "On a parametric model for the mean number of system repairs with applications," Reliability Engineering and System Safety, Elsevier, vol. 234(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:reensy:v:236:y:2023:i:c:s095183202300217x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/reliability-engineering-and-system-safety .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.