Optimizing Preventive Maintenance of Used Equipment for Lease Using Enumeration Algorithm
نویسندگان
چکیده
منابع مشابه
Joint determination of lease period and preventive maintenance policy for leased equipment with residual value
This paper investigates the influence of the length of the lease period on the maintenance policy for leased equipment with residual value. The length of the lease period increases, however, the lessor’s income increases, and the maintenance cost of the equipment rises as well. Therefore, the lease payment and maintenance service of the equipment are crucial items in the lease contract for the ...
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We deal with the problem of scheduling preventive maintenance (PM) for a system so that, over its operating life, we minimize a performance function which reflects repair and replacement costs as well as the costs of the PM itself. It is assumed that a hazard rate model is known which predicts the frequency of system failure as a function of age. It is also assumed that each PM produces a step ...
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In industries, Preventive Maintenance (PM) is not a new practice to minimise the sudden breakdown of production machine. PM will be performed at predetermine intervals to provide a balance between failure cost and component utilisation (aging). However, most of PM interval is based on experience or original equipment manufacturer (OEM) recommendations. Consequently, the benefits from PM are not...
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Numerous studies have considered penalty as part of lease contract stipulation, which incurs whenever equipment downtime exceed a predetermined level. Under this stipulation, lessor would then choose maintenance effort level just enough to hinder them from penalty. Since it is used for business purpose, lower equipment downtime would always preferable for the lessee but necessarily for the less...
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For leased equipment the lessor incurs penalty costs for failures occurring over the lease period and for not rectifying such failures within a specified time limit. Through preventive maintenance actions the penalty costs can be reduced but this is achieved at the expense of increased maintenance costs. The paper looks at a periodic preventive maintenance policy which achieves a tradeoff betwe...
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ژورنال
عنوان ژورنال: The Open Cybernetics & Systemics Journal
سال: 2017
ISSN: 1874-110X
DOI: 10.2174/1874110x01711010085