743
Views
8
CrossRef citations to date
0
Altmetric
Original Articles

Developing an optimum maintenance policy by life cycle cost analysis – a case study

, &
Pages 5946-5962 | Received 10 May 2015, Accepted 11 May 2016, Published online: 03 Jun 2016

References

  • AS/NZS 4536:1999. 1999. Australian/New Zealand Standard: Life Cycle Costing – An Application Guide. Published jointly by Standards Australia and Standards of New Zealand, (Reconfirmed) 2014-01-20.
  • Barberá, L., A. Crespo, and P. Viveros. 2013. “A Case Study of GAMM (Graphical Analysis for Maintenance Management) in the Mining Industry.” Reliability Engineering and System Safety 121: 113–120.
  • Blanchard, B. S., and W. J. Fabrycky, 2010. Systems Engineering and Analysis: International Edition (5e). Englewood Cliffs, NJ: Prentice Hall.
  • Charles, A. S., and C. B. Alan. 2005. “Asset Life Cycle Management: Towards Improving Physical Asset Performance in the Process Industry.” International Journal of Operations and Production Management 25: 566–579.
  • Eginhard, J. M. 1977. “An Optimal Decision Rule for Repair vs. Replacement.” IEEE Transactions on Reliability R-26 (3): 179–181.
  • El-Akruti, K. 2012. “The Strategic Role of Engineering Asset Management in Capital Intensive Organisations.” Doctorate of Philosophy, 247. Faculty of Engineering, University of Wollongong.
  • Gadpayle, S. P., and R. N. Baxi. 2014. “Electric Melting Furnace – A Review.” International Journal of Emerging Science and Engineering 2 (5): 80–83.
  • García Márquez, F. P., R. W. Lewis, A. M. Tobias, and C. Roberts. 2008. “Life Cycle Costs for Railway Condition Monitoring.” Transportation Research Part E: Logistics and Transportation Review 44 (6): 1175–1187. ISSN 1366-5545.10.1016/j.tre.2007.12.003
  • Goralczyk, M., and J. Kulczycka. 2003. “LCC Application in the Polish Mining Industry.” Management of Environmental Quality: An International Journal 16 (2): 119–129.
  • Hartman, J. C. 2004. “Multiple Asset Replacement Analysis under Variable Utilization and Stochastic Demand.” European Journal of Operational Research 159: 145–165.10.1016/S0377-2217(03)00397-7
  • ISO 15663-3:2001. 2001. Petroleum and Natural Gas Industries – Life-cycle Costing – Part 3: Implementation Guidelines.
  • Jardaine, A. K. S. 1970. Operation Research in Maintenance. New York: Manchester Univ. Press, Bannes and Noble  Inc.
  • Khan, F. 2001. “Equipment Reliability: A Life-cycle Approach.” Engineering Management Journal 11 (3): 127–135.
  • Lad, B. K., and M. S. Kulkarni. 2012. “Optimal Maintenance Schedule Decisions for Machine Tools Considering the User’s Cost Structure.” International Journal of Production Research 50 (20): 5859–5871.10.1080/00207543.2011.632503
  • Lai, K. K., K. N. F. Leung, B. Tao, and S. Y. Wang. 2001. “A Sequential Method for Preventive Maintenance and Replacement of a Repairable Single-unit System.” Journal of the Operational Research Society 52: 1276–1283.10.1057/palgrave.jors.2601218
  • Luan, W., C. K. Siew, and H. Iosfin. 2007. Life Cycle Analysis Methodology for Distribution Feeder Reclosers. Vancouver, BC: Institute of Electrical and Electronics Engineers.10.1109/CCECE.2007.145
  • Mahapatra, D. 2008. “Life Cycle Costs and Electricity Market Equilibrium: A Policy Assessment for India.” 5th International Conference on European Electricity Market, 1–6, May 28–30, Lisboa, Portugal.10.1109/EEM.2008.4579019
  • Marais, K. B. 2013. “Value Maximizing Maintenance Policies under General Repair.” Reliability Engineering and System Safety 119: 76–87.10.1016/j.ress.2013.05.015
  • Motta, S. B., and E. A. Colosimo. 2002. “Determination of Preventive Maintenance Periodicities of Standby Devices.” Reliability Engineering & System Safety 76: 149–154.10.1016/S0951-8320(01)00134-X
  • Muchiri, P. N., L. Pintelon, H. Martin, and A. M. De Meyer. 2010. “Empirical Analysis of Maintenance Performance Measurement in Belgian Industries.” International Journal of Production Research 48 (20): 5905–5924.10.1080/00207540903160766
  • Ouertani, M. Z., A. K. Parlikad, and D. McFarlane. 2008. “Asset Information Management: Research Challenges.” 2008 Second International Conference on Research Challenges in Information Science, 3–6 June 2008, 361–370. Marrakech: Institute of Electrical and Electronics Engineers Computer Society.
  • Pinjala, S. K., L. Pintelon, and A. Vereecke. 2006. “An Empirical Investigation on the Relationship between Business and Maintenance Strategies.” International Journal of Production Economics 104 (1): 214–229.10.1016/j.ijpe.2004.12.024
  • Scarf, P., R. Dwight, A. McCusker, and A. Chan. 2007. “Asset Replacement for an Urban Railway Using a Modified Two-cycle Replacement Model.” Journal of the Operational Research Society 58 (9): 1123–1137.10.1057/palgrave.jors.2602288
  • Schuman, C. A., and A. C. Brent. 2005. “Asset Life Cycle Management: Towards Improving Physical Asset Performance in the Process Industry.” International Journal of Operations & Production Management 25 (6): 566–579.
  • Shahata, K., and T. Zayed. 2008. “Simulation as a Tool for Life Cycle Cost Analysis.” Proceedings of the 2008 Winter Simulation Conference, WSC 2008, Miami, FL. 2497–2503.
  • Tähkämö, L., A. Ylinen, M. Puolakka, and L. Halonen. 2012. “Life Cycle Cost Analysis of Three Renewed Street Lighting Installations in Finland.” The International Journal of Life Cycle Assessment 17 (2): 154–164.
  • Taylor, J. 2012. Asset Life Cycle Management: Case Studies on Asset Life Cycle Cost Modelling. Asset Management Council. Accessed March 10, 2016. http://www.amcouncil.com.au/asset-management-body-of-knowledge/asset-management-council-presentations.html
  • Tsang, A. H. C. 2002. “Strategic Dimensions of Maintenance Management.” Journal of Quality in Maintenance Engineering 8 (1): 7–39.10.1108/13552510210420577
  • Zhang, Z. G., and C. E. Love. 2000. “A Discrete Semi Markov Decision Model to Determine the Optimal Repair/Replacement Policy under General Repair.” European Journal of Operational Research 125: 398–409.
  • Zhang, T. L., R. Dwight, and K. El-Akruti. 2013. “On a Weibull Related Distribution Model with Decreasing, Increasing and Upside-down Bathtub-shaped Failure Rate.” Proceedings of Annual Reliability and Maintainability Symposium. Orlando, FL, January 28–31.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.