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Integrated maintenance policy optimization with finite spares

Author

Listed:
  • Ruifeng Yang

    (Mechanical Engineering College)

  • Jianshe Kang

    (Mechanical Engineering College)

  • Qiwei Hu

    (Mechanical Engineering College)

Abstract

This paper proposes an integrated maintenance policy optimization with finite spares. A system with one working unit and N spare parts is considered. The system is replaced periodically by spare parts until no spare part is feasible. Once the working unit is faulty, the system fails. The decision objective is minimizing the expected cost per unit time by optimizing the replacement interval and inventory quantity of spare parts. A numerical example is presented to demonstrate the efficiency of the proposed model. The optimal decision variables are derived by the proposed optimization algorithms. Finally, the case with infinite spare parts is also presented.

Suggested Citation

  • Ruifeng Yang & Jianshe Kang & Qiwei Hu, 2018. "Integrated maintenance policy optimization with finite spares," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 9(5), pages 1014-1021, October.
    • Handle: RePEc:spr:ijsaem:v:9:y:2018:i:5:d:10.1007_s13198-018-0718-9
    DOI: 10.1007/s13198-018-0718-9
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    References listed on IDEAS

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    1. Wang, Wenbin, 2012. "A stochastic model for joint spare parts inventory and planned maintenance optimisation," European Journal of Operational Research, Elsevier, vol. 216(1), pages 127-139.
    2. Robin P. Nicolai & Rommert Dekker, 2008. "Optimal Maintenance of Multi-component Systems: A Review," Springer Series in Reliability Engineering, in: Complex System Maintenance Handbook, chapter 11, pages 263-286, Springer.
    3. Kennedy, W. J. & Wayne Patterson, J. & Fredendall, Lawrence D., 2002. "An overview of recent literature on spare parts inventories," International Journal of Production Economics, Elsevier, vol. 76(2), pages 201-215, March.
    4. Sheu, Shey-Huei & Chien, Yu-Hung, 2004. "Optimal age-replacement policy of a system subject to shocks with random lead-time," European Journal of Operational Research, Elsevier, vol. 159(1), pages 132-144, November.
    5. A.N. Das & S.P. Sarmah, 2010. "Preventive replacement models: an overview and their application in process industries," European Journal of Industrial Engineering, Inderscience Enterprises Ltd, vol. 4(3), pages 280-307.
    6. Panagiotidou, Sofia, 2014. "Joint optimization of spare parts ordering and maintenance policies for multiple identical items subject to silent failures," European Journal of Operational Research, Elsevier, vol. 235(1), pages 300-314.
    7. Wang, Wenbin, 2011. "A joint spare part and maintenance inspection optimisation model using the Delay-Time concept," Reliability Engineering and System Safety, Elsevier, vol. 96(11), pages 1535-1541.
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