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A novel replacement policy for a linear deteriorating system using stochastic process with dependent components

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In this study, a mechanical system with linear deterioration and preventive maintenance is considered. The state of the system over time is represented by a semicontinuous stochastic process with dependent… Click to show full abstract

In this study, a mechanical system with linear deterioration and preventive maintenance is considered. The state of the system over time is represented by a semicontinuous stochastic process with dependent components. The system cycles through on and off periods during its lifetime. The state of the system deteriorates linearly as a function of the usage time during on periods. When the system is offline, preventive maintenance is conducted, which improves the system state by a random amount. The system's on and off times and random improvement amounts are assumed to have general distributions. For such a system, our objective is to determine the expected value and variance for the number of preventive maintenance activities needed during the system lifetime and to propose a novel replacement policy for the system based on delay‐time modeling. Finally, the effectiveness of the obtained asymptotic results and the proposed replacement policy are tested through simulation.

Keywords: stochastic process; process dependent; system; replacement policy

Journal Title: Applied Stochastic Models in Business and Industry
Year Published: 2019

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