scholarly journals An integrated production and delay-time based preventive maintenance planning model for a multi-product production system

2015 ◽  
Vol 17 (2) ◽  
pp. 215-221 ◽  
Author(s):  
Xuejuan Liu ◽  
Wenbin WANG ◽  
Rui PENG
Keyword(s):  
Production System ◽  
Preventive Maintenance ◽  
Delay Time ◽  
Planning Model ◽  
Maintenance Planning ◽  
Integrated Production

Integrated Production and Preventive Maintenance Decision Making Using Option-Based Cost Model

2009 ◽  
Author(s):  
Xiaoning Jin ◽  
Lin Li ◽  
Jun Ni
Keyword(s):  
Decision Making ◽  
Production System ◽  
Preventive Maintenance ◽  
Demand Uncertainty ◽  
Cost Model ◽  
Stochastic Demand ◽  
Optimal Number ◽  
Integrated Production ◽  
Maintenance Decision ◽  
Cost Parameters

This paper presents an analytical, option-based cost model for an integrated production and preventive maintenance decision making with stochastic demand. The determination of preventive maintenance times and their schedule during a production period is converted to an option problem through maximizing the profit of the production per unit time. The optimal number of preventive maintenance actions is obtained and some further discussions on how the cost parameters affect the optimal results are also derived. The resulting option-based model is found to add flexibility to the production system and thus reduce the risk of shortage when the production system is faced with stochastic demand. A comparisons between the basic model (without option) and the option-based preventive maintenance model has shown that the option model is a more flexible under demand uncertainty and results in at least as much profit as the basic one.

scholarly journals An Integrated Production and Maintenance Planning Model with time windows and shortage cost

2009 ◽  
Vol 42 (4) ◽  
pp. 822-827 ◽  
Author(s):  
M. Alaoui selsouli ◽  
N.M. Najib ◽  
A. Mohafid ◽  
E.H. Aghezzaf
Keyword(s):  
Time Windows ◽  
Planning Model ◽  
Maintenance Planning ◽  
Integrated Production ◽  
Shortage Cost
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