Dynamic Influences in Multi-Component Maintenance

Ralph Wildeman and Rommert Dekker

No EI 9630-/A, Econometric Institute Research Papers from Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute

Abstract: Most maintenance-optimisation models assume an infinite planning horizon and suppose that the failure process is stationary. Hence, information which is not known beforehand and which becomes available on the short term only, must be ignored. We consider in this paper a multi-component system with economically dependent components, and we compare the costs of a stationary-planning method with the costs according to an approach which can adapt this long-term plan to dynamically changing information (such as a variable use of components and the occurrence of maintenance opportunities). With numerical experiments we show that incorporating short-term information can yield considerable cost savings.

Keywords: dynamic influences; maintenance; multiple components; opportunities; planning (search for similar items in EconPapers)
Date: 1996-01-01
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Citations: View citations in EconPapers (1)

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