Determining the cost of predictive component replacement in order to assist with maintenance decision-making
Asset and maintenance managers are often confronted with difficult decisions related to asset replacement or repair. Various analytical models, such as decision analysis and simulation, can assist a manager in making better decisions. This paper proposes that by combining renewal theory with decisio...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Stellenbosch University
2015-05-01
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| Series: | South African Journal of Industrial Engineering |
| Subjects: | |
| Online Access: | http://sajie.journals.ac.za/pub/article/view/713 |