The stochastic opportunistic replacement problem, part III: improved bounding procedures

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Název: The stochastic opportunistic replacement problem, part III: improved bounding procedures
Autoři: Laksman, Efraim, 1983, Strömberg, Ann-Brith, 1961, Patriksson, Michael, 1964
Zdroj: Future Industrial Services Management Annals of Operations Research. 292(2):711-733
Témata: maintenace optimization, Stochastic programming, mixed binary linear optimization, stochastic opportunistic replacement problem
Popis: We consider the problem to find a schedule for component replacement in a multi-component system, whose components possess stochastic lives and economic dependencies, such that the expected costs for maintenance during a pre-defined time period are minimized. The problem was considered in Patriksson et al. (Ann Oper Res 224:51–75, 2015), in which a two-stage approximation of the problem was optimized through decomposition (denoted the optimization policy). The current paper improves the effectiveness of the decomposition approach by establishing a tighter bound on the value of the recourse function (i.e., the second stage in the approximation). A general lower bound on the expected maintenance cost is also established. Numerical experiments with 100 simulation scenarios for each of four test instances show that the tighter bound yields a decomposition generating fewer optimality cuts. They also illustrate the quality of the lower bound. Contrary to results presented earlier, an age-based policy performs on par with the optimization policy, although most simple policies perform worse than the optimization policy.
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  Data: The stochastic opportunistic replacement problem, part III: improved bounding procedures
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  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Laksman%2C+Efraim%22">Laksman, Efraim</searchLink>, 1983<br /><searchLink fieldCode="AR" term="%22Strömberg%2C+Ann-Brith%22">Strömberg, Ann-Brith</searchLink>, 1961<br /><searchLink fieldCode="AR" term="%22Patriksson%2C+Michael%22">Patriksson, Michael</searchLink>, 1964
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  Data: <i>Future Industrial Services Management Annals of Operations Research</i>. 292(2):711-733
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  Data: <searchLink fieldCode="DE" term="%22maintenace+optimization%22">maintenace optimization</searchLink><br /><searchLink fieldCode="DE" term="%22Stochastic+programming%22">Stochastic programming</searchLink><br /><searchLink fieldCode="DE" term="%22mixed+binary+linear+optimization%22">mixed binary linear optimization</searchLink><br /><searchLink fieldCode="DE" term="%22stochastic+opportunistic+replacement+problem%22">stochastic opportunistic replacement problem</searchLink>
– Name: Abstract
  Label: Description
  Group: Ab
  Data: We consider the problem to find a schedule for component replacement in a multi-component system, whose components possess stochastic lives and economic dependencies, such that the expected costs for maintenance during a pre-defined time period are minimized. The problem was considered in Patriksson et al. (Ann Oper Res 224:51–75, 2015), in which a two-stage approximation of the problem was optimized through decomposition (denoted the optimization policy). The current paper improves the effectiveness of the decomposition approach by establishing a tighter bound on the value of the recourse function (i.e., the second stage in the approximation). A general lower bound on the expected maintenance cost is also established. Numerical experiments with 100 simulation scenarios for each of four test instances show that the tighter bound yields a decomposition generating fewer optimality cuts. They also illustrate the quality of the lower bound. Contrary to results presented earlier, an age-based policy performs on par with the optimization policy, although most simple policies perform worse than the optimization policy.
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        Value: 10.1007/s10479-019-03278-z
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      – Text: English
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      – SubjectFull: maintenace optimization
        Type: general
      – SubjectFull: Stochastic programming
        Type: general
      – SubjectFull: mixed binary linear optimization
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      – SubjectFull: stochastic opportunistic replacement problem
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              Type: published
              Y: 2020
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