Age replacement policy: A multi-attribute value model

R. Jiang; Ping Ji

doi:10.1016/S0951-8320(02)00021-2

Age replacement policy: A multi-attribute value model

R. Jiang, Ping Ji

Research output: Journal article publication › Journal article › Academic research › peer-review

63 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 language	English
Pages (from-to)	311-318
Number of pages	8
Journal	Reliability Engineering and System Safety
Volume	76
Issue number	3
DOIs	https://doi.org/10.1016/S0951-8320(02)00021-2
Publication status	Published - 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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10.1016/S0951-8320(02)00021-2

Cite this

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Age replacement policy: A multi-attribute value model

Abstract

Keywords

ASJC Scopus subject areas

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