Every industry is dependent on some type of asset that keeps the business in business be it a computer, a CNC, or a megawatt transformer. In a large enterprise, reducing costs related to asset maintenance, repair, and ultimate replacement is at the top of management concerns. Downtime in manufacturing ultimately results not only in high repair costs, but in customer dissatisfaction and lower po...

General preventive maintenance model for the components of a system, which improves the reliability to ‘as good as new,’ was used to optimize the maintenance cost. The cost function of a maintenance policy was minimized under given availability constraint. On the other hand, in order to ensure appropriate reliability and availability, the development of the optimal maintenanc...

This paper discusses the determination of an optimal maintenance policy for a repairable system exhibiting a linearly increasing hazard rate, a constant repair rate and a predetermined availability. Under the preventive maintenance policy, the system availability is guaranteed and the time interval between preventive maintenance actions incurring minimal cost is analysed and presented.

Joint optimization models were developed combining group preventive maintenance of a series system and production scheduling. In this paper, we propose a joint optimization model to minimize the total cost including production cost, preventive maintenance cost, minimal repair cost for unexpected failures and tardiness cost. The total cost depends on both the production process and the machine m...

In this paper we consider a Bayesian theoretic approach to determine an optimal adaptive preventive maintenance policy with minimal repair. By incorporating minimal repair, maintenance and replacement, the mathematical formulas of the expected cost per unit time are obtained. When the failure density is Weibull with uncertain parameters, a Bayesian approach is established to formally express an...