Article ID: | iaor19992230 |
Country: | United Kingdom |
Volume: | 49 |
Issue: | 9 |
Start Page Number: | 928 |
End Page Number: | 935 |
Publication Date: | Sep 1998 |
Journal: | Journal of the Operational Research Society |
Authors: | Dekker R., Winden C. van |
Keywords: | construction & architecture, markov processes |
In this paper we develop a Markov decision model for rationalising building maintenance at a strategic level. Through a global modelling of deterioration we are able to determine the maintenance policy that ensures a specified average quality level at minimal cost. In this way we are able to produce a trade-off curve between overall quality level vs the minimum required level of maintenance costs. The model is applied in a pilot case for four main building elements, viz. masonry, pointing, window frames and painting of buildings owned by a building society. This demonstrates the value of the model as management instrument to determine and allocate budgets.