A review of asset management literature on multi-asset systems

This article gives an overview of the literature on asset management for multi-unit systems with an emphasis on two multi-asset categories: fleet (a system of homogeneous assets) and portfolio (a system of heterogeneous assets). As asset systems become more complicated, researchers have employed different terms to refer to their specific problems. With an objective to facilitate readers in searching conducive studies to their interests, this paper establishes a novel classification scheme for multi-unit systems in accordance with essential features such as diversity of assets and intervention options. Moreover, discerning differences in characteristics between cross-component and cross-asset interactions, we select three types of potential multi-component dependencies (performance, stochastic, and resource) and extend their notions to be applicable to multi-asset systems. The investigation into these dependencies enables the identification of problems that could exist in real industrial settings but are yet to be determined in academia. Ultimately, we delve into modelling approaches adopted by previous researchers. This comprehensive information allows us to offer the insights into the current trends in multi-asset maintenance. We expect that the output of this review paper will not only stress research gaps on multi-asset systems, but more importantly help systematise future studies on this aspect

Preventive maintenance and replacement scheduling : models and algorithms.

Preventive maintenance is a broad term that encompasses a set of activities aimed at improving the overall reliability and availability of a system. Preventive maintenance involves a basic trade-off between the costs of conducting maintenance/replacement activities and the cost savings achieved by reducing the overall rate of occurrence of system failures. Designers of preventive maintenance schedules must weigh these individual costs in an attempt to minimize the overall cost of system operation. They may also be interested in maximizing the system reliability, subject to some sort of budget constraint. In this dissertation, we present a complete discussion about the problem definition and review the literature. We develop new nonlinear mixed-integer optimization models, solve them by standard nonlinear optimization algorithms, and analyze their computational results. In addition, we extend the optimization models by considering engineering economy features and reformulate them as a multi-objective optimization model. We optimize this model by generational and steady state genetic algorithms as well as by a simulated annealing algorithm and demonstrate the computational results obtained by implementation of these algorithms. We perform a sensitivity analysis on the parameters of the optimization models and present a comparison between exact and metaheuristic algorithms in terms of computational efficiency and accuracy. Finally, we present a new mathematical function to model age reduction and improvement factor parameter used in optimization models. In addition, we develop a practical procedure to estimate the effect of maintenance activity on failure rate and effective age of multi component systems

Prognostics-Based Two-Operator Competition for Maintenance and Service Part Logistics

Prognostics and timely maintenance of components are critical to the continuing operation of a system. By implementing prognostics, it is possible for the operator to maintain the system in the right place at the right time. However, the complexity in the real world makes near-zero downtime difficult to achieve partly because of a possible shortage of required service parts. This is realistic and quite important in maintenance practice. To coordinate with a prognostics-based maintenance schedule, the operator must decide when to order service parts and how to compete with other operators who also need the same parts. This research addresses a joint decision-making approach that assists two operators in making proactive maintenance decisions and strategically competing for a service part that both operators rely on for their individual operations. To this end, a maintenance policy involving competition in service part procurement is developed based on the Stackelberg game-theoretic model. Variations of the policy are formulated for three different scenarios and solved via either backward induction or genetic algorithm methods. Unlike the first two scenarios, the possibility for either of the operators being the leader in such competitions is considered in the third scenario. A numerical study on wind turbine operation is provided to demonstrate the use of the joint decision-making approach in maintenance and service part logistics

Optimal Periodic Inspection of a Stochastically Degrading System

This thesis develops and analyzes a procedure to determine the optimal inspection interval that maximizes the limiting average availability of a stochastically degrading component operating in a randomly evolving environment. The component is inspected periodically, and if the total observed cumulative degradation exceeds a fixed threshold value, the component is instantly replaced with a new, statistically identical component. Degradation is due to a combination of continuous wear caused by the component\u27s random operating environment, as well as damage due to randomly occurring shocks of random magnitude. In order to compute an optimal inspection interval and corresponding limiting average availability, a nonlinear program is formulated and solved using a direct search algorithm in conjunction with numerical Laplace transform inversion. Techniques are developed to significantly decrease the time required to compute the approximate optimal solutions. The mathematical programming formulation and solution techniques are illustrated through a series of increasingly complex example problems

A study on group maintenance policies

Master'sMASTER OF ENGINEERIN

Derivation of a cost model to aid management of CNC machine tool accuracy maintenance

Manufacturing industries strive to produce improved component accuracy while not reducing machine tool availability or production throughput. The accuracy of CNC production machines is one of the critical factors in determining the quality of these components. Maintaining the capability of the machine to produce in-tolerance parts can be approached in one of two ways: run to failure or periodic calibration and monitoring. The problem is analogous to general machine tool maintenance, but with the clear distinction that the failure mode of general machine tool components results in a loss of production, whereas that of accuracy allows parts to be produced, which are only later detected as non-conforming as part of the quality control processes. This distinction creates problems of cost-justification, since at this point in the manufacturing chain, any responsibility of the machine is not directly evident. Studies in the field of maintenance have resulted in cost calculations for the downtime associated with machine failure. This paper addresses the analogous, unanswered problem of maintaining the accuracy of CNC machine tools. A mathematical cost function is derived that can form the basis of a strategy for either running until non-conforming parts are detected or scheduling predictive CNC machine tool calibrations. This is sufficiently generic that it can consider that this decision will be based upon different scales of production, different values of components etc. Therefore, the model is broken down to a level where these variables for the different inputs can be tailored to the individual manufacturer