Age replacement policy: A multi-attribute value model

R. Jiang, Ping Ji

Research output: Journal article publicationJournal articleAcademic researchpeer-review

57 Citations (Scopus)

Abstract

The classical optimal maintenance model associated with the age replacement policy is a cost model. The effectiveness of preventive maintenance should be evaluated from multiple aspects, which reflect the main maintenance objectives. The cost model just reflects one of the objectives. This paper provides a multiple attribute value model. Four attributes are considered. They are cost, availability, reliability and lifetime. The performance measures associated with reliability and lifetime objectives are first developed. The overall performance is represented by the overall value. The model is illustrated by a numerical example.
Original languageEnglish
Pages (from-to)311-318
Number of pages8
JournalReliability Engineering and System Safety
Volume76
Issue number3
DOIs
Publication statusPublished - 1 Jun 2002

Keywords

  • Age replacement policy
  • Multiple attribute value model
  • Performance measures
  • Preventive maintenance

ASJC Scopus subject areas

  • Safety, Risk, Reliability and Quality
  • Industrial and Manufacturing Engineering
  • Applied Mathematics

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