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Beyond its cost, the value of maintenance: An analytical framework for capturing its net present value

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  • Marais, Karen B.
  • Saleh, Joseph H.

Abstract

Maintenance planning and activities have grown dramatically in importance across many industries and are increasingly recognized as drivers of competitiveness if managed appropriately. Correlated with this observation is the proliferation of maintenance optimization techniques in the technical literature. But while all these models deal with the cost of maintenance (as an objective function or a constraint), only a handful addresses the notion of value of maintenance, and seldom in an analytical or quantitative way.

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  • Marais, Karen B. & Saleh, Joseph H., 2009. "Beyond its cost, the value of maintenance: An analytical framework for capturing its net present value," Reliability Engineering and System Safety, Elsevier, vol. 94(2), pages 644-657.
    • Handle: RePEc:eee:reensy:v:94:y:2009:i:2:p:644-657
    DOI: 10.1016/j.ress.2008.07.004
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    References listed on IDEAS

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    Cited by:

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