Maintenance policies based on time-dependent repair cost limits

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dc.citation.epage600en_ZA
dc.citation.issue11/12en_ZA
dc.citation.spage597en_ZA
dc.contributor.authorBeichelt, F.
dc.contributor.authorNkadimeng, R.M.
dc.contributor.authorYadavalli, S.S.
dc.date.accessioned2017-03-29T12:40:15Z
dc.date.available2017-03-29T12:40:15Z
dc.date.issued2006-11
dc.description.abstractThis paper considers two replacement policies for systems which, during their useful life, are subject to deterioration. Strategy 1: after a failure, the repair cost is estimated. If the repair cost exceeds a given limit, the system is not repaired, but replaced with a new one. So far, this policy has been analysed only for constant repair cost limits. This paper investigates the effect of applying time-dependent repair cost limits on the long-run maintenance cost rate. Examples show that, compared to the application of constant repair cost limits, a reduction of the maintenance cost rate between 5% and 10% can be expected. Strategy 2: the system is replaced as soon as the total repair costs arising during its running time exceed a given limit. Compared to the economic lifetime method, which is based on the average repair cost development and that requires the same data input, maintenance cost savings up to 20% could be achieved.en_ZA
dc.description.librarianNCS2016en_ZA
dc.identifier.citationBeichelt, F.,Nkadimeng, R.M. and Yadavalli,S.S. 2006. Maintenance policies based on time-dependent repair cost limits. South African Journal of Science 102 (11/12), pp.597-600.en_ZA
dc.identifier.issn0038-2353 (Print)
dc.identifier.issn1996-7489 (Online)
dc.identifier.urihttp://hdl.handle.net/10539/22257
dc.journal.titleSouth African Journal of Scienceen_ZA
dc.journal.volume102en_ZA
dc.language.isoenen_ZA
dc.publisherAcademy of Science of South Africa (ASSAf)en_ZA
dc.rights© 2006. The Author(s). Published under a Creative Commons Attribution Licence.en_ZA
dc.subjectcost-benefit analysisen_ZA
dc.subjectmaintenanceen_ZA
dc.subjectpolicy analysisen_ZA
dc.subjectrepairen_ZA
dc.titleMaintenance policies based on time-dependent repair cost limitsen_ZA
dc.typeArticleen_ZA
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