Optimal Periodic Preventive Maintenance Policy for Used Equipment under Lease
Dong Ke
Lv Wen-yuan
Abstract：For the lease of the used equipment with certain past age , a periodic preventive maintenance strategy is presented in this research .Several factors that influence the cost of maintenance , including the equipment's age, preventive maintenance , minimal repair and punishment mechanism , are considered . Under this maintenance scheme , a mathematical model based on the expected total cost of the lessor is es-tablished , and the optimal maintenance policies are derived such that the expected total cost is minimized . Finally, in a case study, the numerical example shows that the method is effective and easy to operate in practice.
Keywords：equipment leasingpreventive maintenanceminimal repairpenalty cost
Publication Date：2015-01-01
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：6( 14-19 )