Optimization of stochastic maintenance policies

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4 Scopus citations


The present study examines various inspection policy models, also known in reliability literature as preparedness models. These types of models deal with stochastically failing systems, in which failure is detected by inspection only. The present study deals with two yet unsolved problems in the field of maintenance preparedness models. The first is the analysis of various models and various objective functions while taking into consideration a positive discount factor. The second is the analysis of those models while the maintenance costs are varying in one way or another during the period of optimization. Different modes of inspection of both pure and mixed strategies are analyzed. The objective functions are set forth and solved by both a differentiation method and a dynamic programming approach.

Original languageEnglish
Pages (from-to)97-106
Number of pages10
JournalEuropean Journal of Operational Research
Issue number2
StatePublished - 1 Jan 1978
Externally publishedYes

ASJC Scopus subject areas

  • General Computer Science
  • Modeling and Simulation
  • Management Science and Operations Research
  • Information Systems and Management


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