Wu, Jun; Xie, Min; Ng, Adam; Sheng, Tsan - In: International Journal of Production Economics 129 (2011) 1, pp. 102-110
In this paper, a general periodic preventive maintenance (PM) policy for a repairable revenue-generating system is developed and studied. We define 'ageing losses' as the difference in revenues generated by an ideal system (no ageing) and a real system that ages over the same period of...