Hopland, Arnt O.; Kvamsdal, Sturla F. - Institutt for foretaksøkonomi, Norges Handelshøyskole … - 2014
We formulate the maintenance scheduling decision as a dynamic optimization problem, subject to an accelerating decay. This approach offers a formal, yet intuitive, weighting of the trade-offs involved when deciding a maintenance schedule. The optimal maintenance schedule reflects the trade-off...