Risk analysis of machine maintenance using Markov chains

• Main Author: Gulati, Yuvraj Singh.
• Other Authors: Wang Dan Wei
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Engineering::Electrical and electronic engineering
• Online Access: http://hdl.handle.net/10356/54605
• Institution: Nanyang Technological University

Maintenance and risk management are important issues in any manufacturing company. In order to keep equipment running efficiently and reduce maintenance cost for better profit margin, manufacturing plants have always been seeking a effective way to replace Corrective Maintenances (CM) that occur aft...