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Power system maintenance planning is vital for conducting maintenance of power system equipment in an optimal manner. A maintenance model of a system with number of equipment has several states. Solving such a system model would be computationally intractable. This paper investigates the possibility of conducting system level maintenance planning by using a component specific Markov decision process...
In competitive environments, most equipment are operated closer to or at their limits and as a result, equipment's maintenance schedules may be affected by system conditions. In this paper, we propose a Markov decision process (MDP) that allows better flexibility in conducting maintenance. The proposed MDP model is based on a state transition diagram where inspection and maintenance (I&M) delay...
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