EconPapers    
Economics at your fingertips  
 

Energy Consumption-Based Maintenance Policy Optimization

Ágota Bányai
Additional contact information
Ágota Bányai: Institute of Logistics, University of Miskolc, 3515 Miskolc, Hungary

Energies, 2021, vol. 14, issue 18, 1-33

Abstract: The optimal predictive, preventive, corrective and opportunistic maintenance policies play an important role in the success of sustainable maintenance operations. This study discusses a new energy efficiency-related maintenance policy optimization method, which is based on failure data and status information from both the physical system and the digital twin-based discrete event simulation. The study presents the functional model, the mathematical model and the solution algorithm. The maintenance optimization method proposed in this paper is made up of four main phases: computation of energy consumption based on the levelized cost of energy, computation of GHG emission, computation of value determination equations and application of the Howard’s policy iteration techniques. The approach was tested with a scenario analysis, where different electricity generation sources were taken into consideration. The computational results validated the optimization method and show that optimized maintenance policies can lead to an average of 38% cost reduction regarding energy consumption related costs. Practical implications of the proposed model and method regard the possibility of finding optimal maintenance policies that can affect the energy consumption and emissions from the operation and maintenance of manufacturing systems.

Keywords: maintenance; policy optimization; cost-efficiency; energy consumption; GHG emission (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/1996-1073/14/18/5674/pdf (application/pdf)
https://www.mdpi.com/1996-1073/14/18/5674/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:14:y:2021:i:18:p:5674-:d:632217

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().

 
Page updated 2025-03-19
Handle: RePEc:gam:jeners:v:14:y:2021:i:18:p:5674-:d:632217