Karamatsoukis, C.C.; Kyriakidis, E.G. - In: European Journal of Operational Research 207 (2010) 1, pp. 297-308
We consider a manufacturing system in which an input generating installation transfers a raw material to a subsequent production unit. Both machines deteriorate stochastically with usage and may fail. For each machine the deteriorating process is described by some known transition probabilities...