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Optimizing the integrated economic production quantity for a stochastically deteriorating production system under condition-based maintenance

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Abstract
This paper proposes a new integrated economic production quantity (EPQ) and condition-based maintenance (CBM) model for a stochastically deteriorating production system. Inspections are performed periodically to measure the real time degradation. The system fails (out-of-control) whenever its degradation is beyond a critical threshold level. In the out-of-control state, a proportion of nonconforming items are produced. To assess the degradation of the system and to increase the production of conforming items, preventive maintenance (PM) actions are carried out. An integrated EPQ and CBM optimization model that minimizes the total expected cost rate over an infinite time horizon is developed. The objective is to determine a joint optimal EPQ and PM strategy minimizing the sum of inspection/maintenance and setup costs, cost of nonconforming items in addition to inventory holding cost. Numerical experiments are provided to illustrate the proposed approach.

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MLA
Aghezzaf, El-Houssaine, Abdelhakim Khatab, Claver Diallo, et al. “Optimizing the Integrated Economic Production Quantity for a Stochastically Deteriorating Production System Under Condition-based Maintenance.” Proceedings of the 7th International Conference on Industrial Engineering and Systems Management. Saarbrücken, 2017. 340–345. Print.
APA
Aghezzaf, E.-H., Khatab, A., Diallo, C., & Venkatadri, U. (2017). Optimizing the integrated economic production quantity for a stochastically deteriorating production system under condition-based maintenance. Proceedings of the 7th International Conference on Industrial Engineering and Systems Management (pp. 340–345). Presented at the International Conference on Industrial Engineering and Systems Management - IESM 2017, Saarbrücken.
Chicago author-date
Aghezzaf, El-Houssaine, Abdelhakim Khatab, Claver Diallo, and Uday Venkatadri. 2017. “Optimizing the Integrated Economic Production Quantity for a Stochastically Deteriorating Production System Under Condition-based Maintenance.” In Proceedings of the 7th International Conference on Industrial Engineering and Systems Management, 340–345. Saarbrücken.
Chicago author-date (all authors)
Aghezzaf, El-Houssaine, Abdelhakim Khatab, Claver Diallo, and Uday Venkatadri. 2017. “Optimizing the Integrated Economic Production Quantity for a Stochastically Deteriorating Production System Under Condition-based Maintenance.” In Proceedings of the 7th International Conference on Industrial Engineering and Systems Management, 340–345. Saarbrücken.
Vancouver
1.
Aghezzaf E-H, Khatab A, Diallo C, Venkatadri U. Optimizing the integrated economic production quantity for a stochastically deteriorating production system under condition-based maintenance. Proceedings of the 7th International Conference on Industrial Engineering and Systems Management. Saarbrücken; 2017. p. 340–5.
IEEE
[1]
E.-H. Aghezzaf, A. Khatab, C. Diallo, and U. Venkatadri, “Optimizing the integrated economic production quantity for a stochastically deteriorating production system under condition-based maintenance,” in Proceedings of the 7th International Conference on Industrial Engineering and Systems Management, Saarbrücken, 2017, pp. 340–345.
@inproceedings{8541054,
  abstract     = {This paper proposes a new integrated economic production quantity (EPQ) and condition-based maintenance (CBM) model for a stochastically deteriorating production system. Inspections are performed periodically to measure the real time degradation. The system fails (out-of-control) whenever its degradation is beyond a critical threshold level. In the out-of-control state, a proportion of nonconforming items are produced. To assess the degradation of the system and to increase the production of conforming items, preventive maintenance (PM) actions are carried out. An integrated EPQ and CBM optimization model that minimizes the total expected cost rate over an infinite time horizon is developed. The objective is to determine a joint optimal EPQ and PM strategy minimizing the sum of inspection/maintenance and setup costs, cost of nonconforming items in addition to inventory holding cost. Numerical experiments are provided to illustrate the proposed approach.},
  author       = {Aghezzaf, El-Houssaine and Khatab, Abdelhakim and Diallo, Claver and Venkatadri, Uday},
  booktitle    = {Proceedings of the 7th International Conference on Industrial Engineering and Systems Management},
  language     = {eng},
  location     = {Saarbrücken},
  pages        = {340--345},
  title        = {Optimizing the integrated economic production quantity for a stochastically deteriorating production system under condition-based maintenance},
  year         = {2017},
}