Table of Contents
Chapter 1:
Introduction
1.1 From Maintenance Management to Physical Asset Management
1.2 The Challenges of Physical Asset
Management
1.3 Improving Physical Asset Management
1.4 Reliability through the Operator: Total
Productive Maintenance
1.5 Reliability by Design: Reliability-Centered
Maintenance
1.6 Optimizing Maintenance and Replacement
Decisions
1.7 The Quantitative Approach
References
Chapter 2:
Component Replacement Decisions
2.1 Introduction
2.2 Optimal Replacement Times for Equipment
Whose Operating Cost Increases with Use
2.3 Stochastic Preventive Replacement: Some
Introductory Comments
2.4 Optimal Preventive Replacement Interval
of Items Subject to Breakdown (Also Known as the Group or Block Policy
2.5 Optimal Preventive Replacement Age of an
Item Subject to Breakdown
2.6 Optimal Preventive Replacement Age of an
Item Subject to Breakdown, Taking Account of the Times Required to Effect Failure
and Preventive Replacements
2.7 Optimal Preventive Replacement Interval
or Age of an Item Subject to Breakdown: Minimization of Downtime
2.8 Group Replacement: Optimal Interval
between Group Replacements of Items That Are Subject to Failure: The Lamp
Replacement Problem
2.9 Further Replacement Models
2.10 Spare Parts Provisioning: Preventive
Replacement Spares
2.11 Spare Parts Provisioning: Insurance
Spares
2.12 Solving the Constant-Interval and Age-Based
Models Graphically:
2.13 Solving the Constant-Interval and
Age-Based Models Using the
OREST Software
References
Problems
Chapter 3:
Inspection Decisions
3.1 Introduction
3.2 Optimal Inspection Frequency:
Maximization of Profit
3.3 Optimal Inspection Frequency:
Minimization of Downtime
3.4 Optimal Inspection Interval to Maximize
the Availability of Equipment Used in Emergency Conditions, Such as a
Protective Device
3.5 Optimizing Condition-Based Maintenance
(CBM) Decisions References Problems
Chapter 4:
Capital Equipment Replacement Decisions
4.1 Introduction
4.2 Optimal Replacement Interval for Capital
Equipment: Minimization of Total Cost
4.3 Optimal Replacement Interval for Capital
Equipment: Maximization of Discounted Benefits
4.4 Optimal Replacement Interval for Capital
Equipment Whose Planned Utilization Pattern Is Variable:
Minimization of Total Cost
4.5 Optimal Replacement Policy for Capital
Equipment Taking into Account Technological Improvement: Finite Planning
Horizon
4.6 Optimal Replacement Policy for Capital
Equipment Taking into Account Technological Improvement: Infinite Planning
Horizon
4.7 Software for Economic Life Optimization
References
Problems
Chapter 5:
Maintenance Resource
Requirements
5.1 Introduction
5.2 Queuing Theory Preliminaries
5.3 Optimal Number of Workshop Machines to
Meet a Fluctuating Workload
5.4 Optimal Mix of Two Classes of Similar
Equipment (such as Medium/Large Lathes) to Meet a Fluctuating Workload
5.5 Rightsizing a Fleet of Equipment: An
Application
5.6 Optimal Size of a Maintenance Workforce
to Meet a Fluctuating Workload, Taking Account of Subcontracting Opportunities
5.7 The Lease or Buy Decision
5.7.1 Statement of Problem References
Problem
Appendix 1:
Statistics Primer
A1.1 Introduction
A1.2 Relative Frequency Histogram
A1.3 Probability Density Function
A1.4 Cumulative Distribution Function
A1.5 Reliability Function
A1.6 Hazard Rate
Further
Reading
Problems
Appendix 2:
Weibull
Analysis
A2.1 Weibull
Distribution
A2.2 Weibull Paper
A2.3 Weibull Plot
A2.4 Confidence Interval of Weibull Plot
A2.5 Bq Life
A2.6 Kolmogorov–Smirnov
Goodness-of-Fit Test
A2.7 Analyzing Failure Data with Suspensions
A2.8 Analyzing Grouped Failure Data with
Multiple Suspensions
A2.9 Analyzing Competing Failure Data
A2.10 Hazard Plot
A2.11 Other Approaches to Weibull
Analysis
A2.12 Analyzing Trends of Failure Data
References
Problems
Appendix 3:
Time Value of Money: Discounted Cash Flow
Analysis
A3.1 Introduction
A3.2 Present Value Formulae
A3.3 Determination of Appropriate Interest
Rate
A3.4 Inflation
A3.5 The Equivalent
Annual Cost
A3.6 Example: Selecting an Alternative — A
One-Shot Decision
A3.7 Further Comments
References
Appendix 4:
List of Applications of Maintenance Decision Optimization Models
Appendix 5:
Ordinates of the Standard Normal Distribution
Appendix 6:
Areas in the Tail of the Standard Normal
Distribution
Appendix 7:
Values of Gamma Function
Appendix 8:
Median Ranks Table
Appendix 9:
Five Percent Ranks Table
Appendix 10:
Ninety-Five Percent Ranks Table
Appendix 11:
Critical Values for the Kolmogorov–Smirnov
Statistic
Appendix 12:
Answers to Problems
Index
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