Abstract:This paper focus on a (N, T) preventive maintenance (PM) policy with lifetime reduction discount rate. In our consideration, the lifetime of component is assumed to be an uncertain variable due to the absence of historical operational data, an uncertain (N, T) PM model with the lifetime reduction in a certain proportion is proposed based on uncertain renewal process. Accordingly, the uncertain model, which minimizes the expected maintenance cost rate, is formulated to find the optimal replacement cycle length … Show more
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