An analysis of maintenance schedules for public facilities

Arnt O. Hopland, Sturla F. Kvamsdal and Leif Sandal ()

Operations Research and Decisions, 2019, vol. 29, issue 1, 17-35

Abstract: We present a flexible, formal framework for maintenance scheduling for public facilities. Key features of the model include an accelerating deterioration scheme, a general utility measure, and real estate market effects in the salvage function. The model is rich enough to capture a range of stylistic scenarios pertaining to public facilities while remaining simple enough to allow formal analysis of the optimal maintenance schedule. Based on our analysis, we draw a phase diagram that classifies the generic behavior of the optimal solution. We illustrate our analysis in numerical examples that highlight essential trade-offs and the time dependence of the facility maintenance problem. Under simplifying assumptions, we also derive the basics of an exact solution.

Keywords: maintenance; public facilities; optimization (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:wut:journl:v:1:y:2019:p:17-35:id:1409

DOI: 10.37190/ord190102

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