IDEAS home Printed from https://ideas.repec.org/a/taf/tprsxx/v53y2015i15p4528-4537.html
   My bibliography  Save this article

Multi-phase preventive maintenance policy for leased equipment

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00207543.2014.990116
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00207543.2014.990116?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. 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.
    4. 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).
    5. de Jonge, Bram & Scarf, Philip A., 2020. "A review on maintenance optimization," European Journal of Operational Research, Elsevier, vol. 285(3), pages 805-824.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:tprsxx:v:53:y:2015:i:15:p:4528-4537. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TPRS20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.