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Multi-phase preventive maintenance policy for leased equipment

Author

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  • Xiaojun Zhou
  • Yanting Li
  • Lifeng Xi
  • Jay Lee

Abstract

This paper proposes a multi-phase preventive maintenance (PM) policy for leased equipment by combining the advantages of both periodic PM and sequential PM. The lease period of the equipment is divided into multiple PM phases. The PM activities within each phase are performed periodically with the convenience of implementation, while the frequency of PM for each phase is different and it gives a gradual increase because of the imperfect effect of PM. A multi-phase PM model is built up based on the age reduction method for imperfect PM with the penalty for equipment failures and overtime of repair involved. The optimal PM intervals for every PM phases are achieved by minimising the cumulative maintenance cost throughout the lease period from the perspective of the lessor. Numerical example shows that the cumulative maintenance cost under the proposed multi-phase PM policy is lower than that under periodic PM policy.

Suggested Citation

  • Xiaojun Zhou & Yanting Li & Lifeng Xi & Jay Lee, 2015. "Multi-phase preventive maintenance policy for leased equipment," International Journal of Production Research, Taylor & Francis Journals, vol. 53(15), pages 4528-4537, August.
    • Handle: RePEc:taf:tprsxx:v:53:y:2015:i:15:p:4528-4537
    DOI: 10.1080/00207543.2014.990116
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    Citations

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    Cited by:

    1. Zhou, Xiaojun & Wu, Changjie & Li, Yanting & Xi, Lifeng, 2016. "A preventive maintenance model for leased equipment subject to internal degradation and external shock damage," Reliability Engineering and System Safety, Elsevier, vol. 154(C), pages 1-7.
    2. Xia, Tangbin & Sun, Bowen & Chen, Zhen & Pan, Ershun & Wang, Hao & Xi, Lifeng, 2021. "Opportunistic maintenance policy integrating leasing profit and capacity balancing for serial-parallel leased systems," Reliability Engineering and System Safety, Elsevier, vol. 205(C).
    3. Amel Ben Mabrouk & Anis Chelbi & Mohamed Salah Aguir & Sofiene Dellagi, 2024. "Optimal Maintenance Policy for Equipment Submitted to Multi-Period Leasing as a Circular Business Model," Sustainability, MDPI, vol. 16(12), pages 1-14, June.
    4. Si, Guojin & Xia, Tangbin & Zhu, Ying & Du, Shichang & Xi, Lifeng, 2019. "Triple-level opportunistic maintenance policy for leasehold service network of multi-location production lines," Reliability Engineering and System Safety, Elsevier, vol. 190(C), pages 1-1.
    5. Zhang, Yunzheng & Zhang, Xiaohong & Zeng, Jianchao & Wang, Jinhe & Xue, Songdong, 2019. "Lessees’ satisfaction and optimal condition-based maintenance policy for leased system," Reliability Engineering and System Safety, Elsevier, vol. 191(C).
    6. de Jonge, Bram & Scarf, Philip A., 2020. "A review on maintenance optimization," European Journal of Operational Research, Elsevier, vol. 285(3), pages 805-824.

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