Maintenance of Leased Equipment

D. N. P. Murthy and J. Pongpech
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D. N. P. Murthy: University of Queensland

Chapter 16 in Complex System Maintenance Handbook, 2008, pp 395-415 from Springer

Abstract: Abstract Businesses need equipment to produce their outputs (goods/services). Equipment degrades with age and usage, and eventually fails (Blischke and Murthy 2000). This impacts business performance in several ways — reduced equipment availability, lower output quality, higher operating costs, increased customer dissatisfaction, etc. The degradation can be controlled through preventive maintenance (PM) actions whilst corrective maintenance (CM) actions restore failed equipment to its working state.

Keywords: Intensity Function; Preventive Maintenance; Maintenance Policy; Optimal Maintenance; Corrective Maintenance (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/978-1-84800-011-7_16

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