This paper is concerned with opportunistic maintenance on a multi-component cumulative damage shock model with stochastically dependent components. A component fails when its cumulative damage exceeds a given threshold, and any such a failure creates a maintenance opportunity, and triggers a...

Few methods are available for optimizing corrective maintenance and time-based maintenance for wind farms, although these strategies are currently widely used in practice. Economic dependencies exist among wind turbine systems and their components in the wind farm. That is, it may be more...

In this article we give an overview of the literature on multi-component maintenance optimization. We focus on work appearing since the 1991 survey "A survey of maintenance models for multi-unit systems" by Cho and Parlar. This paper builds forth on the review article by Dekker et al. (1996),...

We consider the optimization problem of a decision maker facing a sequence of coin tosses with an initially unknown probability Θ for heads. Before each toss she bets on either heads or tails and she wins one euro if she guesses correctly, otherwise she loses one euro. We investigate the effect...

In this paper we extend a stochastic discrete optimization approach so as to tackle the lot-sizing problem in manufacturing systems. In practice, with the surrogate methodology, the lot sizes are continuously adjusted on-line by the gradient-based approach. The lot sizing determines the number...

We consider the optimization problem of a decision maker facing a sequence of coin tosses with an initially unknown probability Θ for heads. Before each toss she bets on either heads or tails and she wins one euro if she guesses correctly, otherwise she loses one euro. We investigate the effect...

In this article we give an overview of the literature on multi-component maintenance optimization. We focus on work appearing since the 1991 survey "A survey of maintenance models for multi-unit systems" by Cho and Parlar. This paper builds forth on the review article by Dekker et al. (1996),...

Cohort measures, describing a lifetime random variable are easily and unambiguously obtained using standard tools. On the contrary, the lifetime random variable, and therefore life expectancy, for the period setting cannot be unambiguously defined without additional simplifying assumptions. For...