Joint condition-based maintenance and condition-based production optimization

Michiel A.J. uit het Broek, Ruud H. Teunter, Bram de Jonge and Jasper Veldman

Reliability Engineering and System Safety, 2021, vol. 214, issue C

Abstract: Developments in sensor equipment and the Internet of Things increasingly allow production facilities to be monitored and controlled remotely and in real-time. Organizations can exploit these opportunities to reduce costs and improve reliability by employing condition-based maintenance (CBM) policies. Another recently proposed option is to adopt condition-based production (CBP) policies that control the deterioration of equipment by dynamically adapting the production rate. This study compares their performance and introduces a fully dynamic condition-based maintenance and production (CBMP) policy that integrates both policies. Numerical results show that their cost-effectiveness strongly depends on system characteristics such as the planning time for maintenance, the cost of corrective maintenance, and the rate and volatility of the deterioration process. Integrating condition-based production decisions into a condition-based maintenance policy substantially reduces the failure risk, while fewer maintenance actions are performed. Interestingly, in some situations, the combination of condition-dependent production and maintenance even yields higher cost savings than the sum of their separate cost savings. Moreover, particularly condition-based production is able to cope with incorrect specifications of the deterioration process. Overall, there is much to be gained by making the production rate condition dependent, also, and sometimes even more so, if maintenance is already condition-based.

Keywords: Maintenance; Production control; Joint production and maintenance; Condition monitoring; Controllable production rate; Production-dependent deterioration; Condition-based decisions (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reensy:v:214:y:2021:i:c:s095183202100274x

DOI: 10.1016/j.ress.2021.107743

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