Abstract:

Spare parts ordering is very important in the domain of system support based on condition-based maintenance. For a single-unit system with condition monitoring, a joint degradation and spare parts ordering model is established in this paper to achieve the lowest total cost rate as the objective. The degradation process of system is assumed to be followed a gamma process. A decision on optimal spare ordering time by the improved cost rate model based on the proposed degradation model is made. Finally, a case analysis is implemented to demonstrate the effectiveness of the proposed model in this paper. Analysis results show that the proposed model can reduce the cost rate effectively.

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