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Basing the Decisions Regarding the Optimal Variant of the Maintenance Policy Based on the Criterion of Economic Costs

Author

Listed:
  • Paul Bocănete

    („Tomis†University of Constanta, Romania)

  • Pompiliu Golea

    („Tomis†University of Constanta, Romania)

  • PetriÈ™or DănuÈ› Gruia

    („Tomis†University of Constanta, Romania)

Abstract

By maintenance we mean a set of technical-organizational activities, whose purpose is to ensure maximum performance for the good considered (equipment, building, installation, etc.) Based on these considerations, the aim of this work is to make the most susteinable decisions in choosing maintenance methods based on economic costs. The purpose of predictive maintenance is to predict when equipment failures may occur, depending on a number of factors, followed by the prevention of these failures through correct and regular maintenance. By having these scheduled operations, excessive maintenance (an unnecessary cost) and unexpected breakdown of the equipment are eliminated at the same time. Also, the lifespan of an equipment is increased when it is maintained before defects appear.

Suggested Citation

  • Paul Bocănete & Pompiliu Golea & PetriÈ™or DănuÈ› Gruia, 2022. "Basing the Decisions Regarding the Optimal Variant of the Maintenance Policy Based on the Criterion of Economic Costs," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 270-276, Decembrie.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:270-276
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    More about this item

    Keywords

    maintenance; productive potential; technical infrastructure;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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