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Keywords: continuous time Markov chain
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Journal Articles
Article Type: Research Papers
J. Manuf. Sci. Eng. June 2009, 131(3): 031009.
Published Online: May 5, 2009
... of a single machine provides good insights, but lacks practical applications. In this paper, we develop a continuous time Markov chain degradation model and a cost model to quantify the effects of maintenance on a multiple machine system. An optimal maintenance policy for a multiple machine system...