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Maintenance and replacement policies under technological obsolescence

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  • Clavareau, Julien
  • Labeau, Pierre-Etienne

Abstract

The technological obsolescence of a unit is characterized by the existence of challenger units displaying identical functionalities, but with higher performances. This paper aims to define and model in a realistic way, possible maintenance policies of a system including replacement strategies when one type of challenger unit is available. The comparison of these possible strategies is performed based on a Monte Carlo estimation of the costs they incur.

Suggested Citation

  • Clavareau, Julien & Labeau, Pierre-Etienne, 2009. "Maintenance and replacement policies under technological obsolescence," Reliability Engineering and System Safety, Elsevier, vol. 94(2), pages 370-381.
    • Handle: RePEc:eee:reensy:v:94:y:2009:i:2:p:370-381
    DOI: 10.1016/j.ress.2008.03.033
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    References listed on IDEAS

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    1. Kijima, Masaaki & Morimura, Hidenori & Suzuki, Yasusuke, 1988. "Periodical replacement problem without assuming minimal repair," European Journal of Operational Research, Elsevier, vol. 37(2), pages 194-203, November.
    2. Wu, Shaomin & Clements-Croome, Derek, 2005. "Preventive maintenance models with random maintenance quality," Reliability Engineering and System Safety, Elsevier, vol. 90(1), pages 99-105.
    3. van Delft, Ch. & Vial, J. P., 1996. "Discounted costs, obsolescence and planned stockouts with the EOQ formula," International Journal of Production Economics, Elsevier, vol. 44(3), pages 255-265, July.
    4. Sophie Mercier & Pierre‐Etienne Labeau, 2004. "Optimal replacement policy for a series system with obsolescence," Applied Stochastic Models in Business and Industry, John Wiley & Sons, vol. 20(1), pages 73-91, January.
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    Cited by:

    1. Nguyen, T.P.K. & Castanier, Bruno & Yeung, Thomas G., 2014. "Maintaining a system subject to uncertain technological evolution," Reliability Engineering and System Safety, Elsevier, vol. 128(C), pages 56-65.
    2. Khanh T.P. Nguyen & Thomas Yeung & Bruno Castanier, 2017. "Acquisition of new technology information for maintenance and replacement policies," International Journal of Production Research, Taylor & Francis Journals, vol. 55(8), pages 2212-2231, April.
    3. Nguyen, Dinh Tuan & Dijoux, Yann & Fouladirad, Mitra, 2017. "Analytical properties of an imperfect repair model and application in preventive maintenance scheduling," European Journal of Operational Research, Elsevier, vol. 256(2), pages 439-453.
    4. Westerweel, Bram & Basten, Rob J.I. & van Houtum, Geert-Jan, 2018. "Traditional or Additive Manufacturing? Assessing Component Design Options through Lifecycle Cost Analysis," European Journal of Operational Research, Elsevier, vol. 270(2), pages 570-585.
    5. Nguyen, T.P. Khanh & Yeung, Thomas G. & Castanier, Bruno, 2013. "Optimal maintenance and replacement decisions under technological change with consideration of spare parts inventories," International Journal of Production Economics, Elsevier, vol. 143(2), pages 472-477.
    6. Mellal, Mohamed Arezki, 2020. "Obsolescence – A review of the literature," Technology in Society, Elsevier, vol. 63(C).
    7. Öner, K.B. & Kiesmüller, G.P. & van Houtum, G.J., 2015. "On the upgrading policy after the redesign of a component for reliability improvement," European Journal of Operational Research, Elsevier, vol. 244(3), pages 867-880.

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