Optimal design of series-parallel systems considering maintenance and salvage value

Optimal design of series-parallel systems considering maintenance and salvage value

0.00 Avg rating0 Votes
Article ID: iaor20021020
Country: Netherlands
Volume: 40
Issue: 4
Start Page Number: 323
End Page Number: 337
Publication Date: Sep 2001
Journal: Computers & Industrial Engineering
Authors: ,
Keywords: maintenance, repair & replacement
Abstract:

A reliability based design model is developed for a series-parallel system with deteriorating components in order to minimize the life cycle cost of the system. The effects of fixed asset depreciation, preventive maintenance and minimal repair are incorporated in the model. We also propose equations to model the effects of preventive maintenance on the system's failure rate and the salvage value as functions of time. Genetic algorithms are used to perform constrained optimization of the system cost function subject to both active and non-active constraints. The results are useful for engineering economists, reliability engineers, and system designers.

Reviews

Required fields are marked *. Your email address will not be published.