The last step of a condition based maintenance (CBM) program is maintenance decision-making. This step is the most important and the most critical stage of maintenance for executive personnel and management whom work on taking maintenance actions. This decision making would be done according to certain criteria such as risk, cost, reliability and availability. This paper considered a dynamic programming model to optimization of the threshold for the preventive maintenance actions in a condition-based maintenance program. The basis of this modeling is the average cost of maintenance actions, failures and exchanges. In this paper, we improved the memory of the deterioration of the model with a coefficient ( ). We compute the optimal point to exchange the machine. We connived at the time value of money to simplify.
- Condition based maintenance (CBM),
- decision making,
- dynamic programming,
Available at: http://works.bepress.com/mjafarian/3/