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A value-based preventive maintenance policy for multi-component system with continuously degrading components

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  • Liu, Bin
  • Xu, Zhengguo
  • Xie, Min
  • Kuo, Way

Abstract

A dynamic preventive maintenance policy for system with continuously degrading components is investigated in this paper. Different from traditional cost-centric preventive maintenance policy, our maintenance strategy is formulated from the value perspective. Component value is modelled as a function of component reliability distribution. Maintenance action is triggered whenever the system reliability drops below a certain threshold. Our policy mainly consists of two steps: (i) determine which component to maintain; (ii) determine to what degree the component should be maintained. In Step 1, we introduce the yield-cost importance to select the most important component. In Step 2, the optimal maintenance level is obtained by maximizing the net value of the maintenance action. Finally, numerical examples are given to illustrate the proposed policy.

Suggested Citation

  • Liu, Bin & Xu, Zhengguo & Xie, Min & Kuo, Way, 2014. "A value-based preventive maintenance policy for multi-component system with continuously degrading components," Reliability Engineering and System Safety, Elsevier, vol. 132(C), pages 83-89.
    • Handle: RePEc:eee:reensy:v:132:y:2014:i:c:p:83-89
    DOI: 10.1016/j.ress.2014.06.012
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    9. Liu, Bin & Liang, Zhenglin & Parlikad, Ajith Kumar & Xie, Min & Kuo, Way, 2017. "Condition-based maintenance for systems with aging and cumulative damage based on proportional hazards model," Reliability Engineering and System Safety, Elsevier, vol. 168(C), pages 200-209.
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    14. Khorasgani, Hamed & Biswas, Gautam & Sankararaman, Shankar, 2016. "Methodologies for system-level remaining useful life prediction," Reliability Engineering and System Safety, Elsevier, vol. 154(C), pages 8-18.
    15. Liu, Bin & Wu, Shaomin & Xie, Min & Kuo, Way, 2017. "A condition-based maintenance policy for degrading systems with age- and state-dependent operating cost," European Journal of Operational Research, Elsevier, vol. 263(3), pages 879-887.
    16. Dias, Luis & Leitão, Armando & Guimarães, Luis, 2021. "Resource definition and allocation for a multi-asset portfolio with heterogeneous degradation," Reliability Engineering and System Safety, Elsevier, vol. 213(C).
    17. Petchrompo, Sanyapong & Parlikad, Ajith Kumar, 2019. "A review of asset management literature on multi-asset systems," Reliability Engineering and System Safety, Elsevier, vol. 181(C), pages 181-201.
    18. Wu, Fan & Niknam, Seyed A. & Kobza, John E., 2015. "A cost effective degradation-based maintenance strategy under imperfect repair," Reliability Engineering and System Safety, Elsevier, vol. 144(C), pages 234-243.
    19. Zhang, Mimi, 2020. "A heuristic policy for maintaining multiple multi-state systems," Reliability Engineering and System Safety, Elsevier, vol. 203(C).
    20. Olde Keizer, Minou C.A. & Flapper, Simme Douwe P. & Teunter, Ruud H., 2017. "Condition-based maintenance policies for systems with multiple dependent components: A review," European Journal of Operational Research, Elsevier, vol. 261(2), pages 405-420.
    21. Liu, Bin & Wu, Jun & Xie, Min, 2015. "Cost analysis for multi-component system with failure interaction under renewing free-replacement warranty," European Journal of Operational Research, Elsevier, vol. 243(3), pages 874-882.
    22. Zhang, Jian & Huang, Xiaoyan & Fang, Youtong & Zhou, Jing & Zhang, He & Li, Jing, 2016. "Optimal inspection-based preventive maintenance policy for three-state mechanical components under competing failure modes," Reliability Engineering and System Safety, Elsevier, vol. 152(C), pages 95-103.
    23. Gössinger, Ralf & Helmke, Hanna & Kaluzny, Michael, 2017. "Condition-based release of maintenance jobs in a decentralised production-maintenance system – An analysis of alternative stochastic approaches," International Journal of Production Economics, Elsevier, vol. 193(C), pages 528-537.
    24. Peng, Weiwen & Li, Yan-Feng & Mi, Jinhua & Yu, Le & Huang, Hong-Zhong, 2016. "Reliability of complex systems under dynamic conditions: A Bayesian multivariate degradation perspective," Reliability Engineering and System Safety, Elsevier, vol. 153(C), pages 75-87.
    25. Jiang, Xiuhong & Duan, Fuhai & Tian, Heng & Wei, Xuedong, 2015. "Optimization of reliability centered predictive maintenance scheme for inertial navigation system," Reliability Engineering and System Safety, Elsevier, vol. 140(C), pages 208-217.

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