Distinguished Lecturer in Transportation - ABSTRACT
Samer Madanat, Ph.D., University of Californa at Berkeley
Title: Optimization of maintenance and replacement policies for a system of heterogeneous infrastructure facilities
Abstract: This research addresses the determination of optimal maintenance and replacement policies for a system of heterogeneous facilities. The problem of optimizing maintenance and replacement policies at the system level is formulated in a reliability-based framework, based on policies that are optimal at the facility level. The facility-level policies are determined using a finite-state, finite horizon Markov decision process in which the state of the Markov chain contains information on the history of maintenance and deterioration. Optimality conditions for the continuous-case system-level problem are derived and explained intuitively. A numerical study shows that the results obtained in the discrete-case implementation of the solution are valid approximations of the continuous-case results. The computational efficiency of the system-level solution makes the formulation suitable for systems of realistic sizes.