An optimal maintenance policy for machine replacement problem using dynamic programming
In this article, we present an acceptance sampling plan for machine replacement problem based on the backward dynamic programming model. Discount dynamic programming is used to solve a two-state machine replacement problem. We plan to design a model for maintenance by consid-ering the quality of th...
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Growing Science
2017-06-01
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Online Access: | http://www.growingscience.com/msl/Vol7/msl_2017_9.pdf |
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doaj-c6149fbcac914c659b314b1d2a566a112020-11-25T00:11:22ZengGrowing ScienceManagement Science Letters1923-93351923-93432017-06-017631132010.5267/j.msl.2017.3.001An optimal maintenance policy for machine replacement problem using dynamic programming Mohsen Sadegh Amalnik Morteza Pourgharibshahi In this article, we present an acceptance sampling plan for machine replacement problem based on the backward dynamic programming model. Discount dynamic programming is used to solve a two-state machine replacement problem. We plan to design a model for maintenance by consid-ering the quality of the item produced. The purpose of the proposed model is to determine the optimal threshold policy for maintenance in a finite time horizon. We create a decision tree based on a sequential sampling including renew, repair and do nothing and wish to achieve an optimal threshold for making decisions including renew, repair and continue the production in order to minimize the expected cost. Results show that the optimal policy is sensitive to the data, for the probability of defective machines and parameters defined in the model. This can be clearly demonstrated by a sensitivity analysis technique.http://www.growingscience.com/msl/Vol7/msl_2017_9.pdfMachine replacementDynamic programmingSequential sampling planMaintenance |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Mohsen Sadegh Amalnik Morteza Pourgharibshahi |
spellingShingle |
Mohsen Sadegh Amalnik Morteza Pourgharibshahi An optimal maintenance policy for machine replacement problem using dynamic programming Management Science Letters Machine replacement Dynamic programming Sequential sampling plan Maintenance |
author_facet |
Mohsen Sadegh Amalnik Morteza Pourgharibshahi |
author_sort |
Mohsen Sadegh Amalnik |
title |
An optimal maintenance policy for machine replacement problem using dynamic programming |
title_short |
An optimal maintenance policy for machine replacement problem using dynamic programming |
title_full |
An optimal maintenance policy for machine replacement problem using dynamic programming |
title_fullStr |
An optimal maintenance policy for machine replacement problem using dynamic programming |
title_full_unstemmed |
An optimal maintenance policy for machine replacement problem using dynamic programming |
title_sort |
optimal maintenance policy for machine replacement problem using dynamic programming |
publisher |
Growing Science |
series |
Management Science Letters |
issn |
1923-9335 1923-9343 |
publishDate |
2017-06-01 |
description |
In this article, we present an acceptance sampling plan for machine replacement problem based on the backward dynamic programming model. Discount dynamic programming is used to solve a two-state machine replacement problem. We plan to design a model for maintenance by consid-ering the quality of the item produced. The purpose of the proposed model is to determine the optimal threshold policy for maintenance in a finite time horizon. We create a decision tree based on a sequential sampling including renew, repair and do nothing and wish to achieve an optimal threshold for making decisions including renew, repair and continue the production in order to minimize the expected cost. Results show that the optimal policy is sensitive to the data, for the probability of defective machines and parameters defined in the model. This can be clearly demonstrated by a sensitivity analysis technique. |
topic |
Machine replacement Dynamic programming Sequential sampling plan Maintenance |
url |
http://www.growingscience.com/msl/Vol7/msl_2017_9.pdf |
work_keys_str_mv |
AT mohsensadeghamalnik anoptimalmaintenancepolicyformachinereplacementproblemusingdynamicprogramming AT mortezapourgharibshahi anoptimalmaintenancepolicyformachinereplacementproblemusingdynamicprogramming AT mohsensadeghamalnik optimalmaintenancepolicyformachinereplacementproblemusingdynamicprogramming AT mortezapourgharibshahi optimalmaintenancepolicyformachinereplacementproblemusingdynamicprogramming |
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