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math.OC2026
Risk or Replace: Efficient Asymptotics for Data-Driven Maintenance
Poulad Moradi, Joachim Arts, Melvin Drent +1
Condition-based maintenance (CBM) is an approach that plans interventions for deteriorating systems according to their observed operational state. CBM reduces unplanned downtime an…
math.OC2023
Condition-Based Production for Stochastically Deteriorating Systems: Optimal Policies and Learning
Collin Drent, Melvin Drent, Joachim Arts
Production systems deteriorate stochastically due to usage and may eventually break down, resulting in high maintenance costs at scheduled maintenance moments. This deterioration b…
math.OC2023
Same-day or next-day? Transparent time-dependent shipment pricing for e-fulfillment
Uta Mohring, Melvin Drent, Ivo Adan +1
We develop a parsimonious model of an e-commerce fulfillment center that offers time-dependent shipment options and corresponding fees to utility-maximizing customers arriving acco…