Article ID: | iaor20117588 |
Volume: | 96 |
Issue: | 10 |
Start Page Number: | 1396 |
End Page Number: | 1401 |
Publication Date: | Oct 2011 |
Journal: | Reliability Engineering and System Safety |
Authors: | Pascual R, Godoy D, Louit D M |
Keywords: | asset liability management, influence diagrams, priority queues, Safety engineering, infrastructure |
In an environment of scarce resources and complex production systems, prioritizing is key to confront the challenge of managing physical assets. In the literature, there exist a number of techniques to prioritize maintenance decisions that consider safety, technical and business perspectives. However, the effect of risk mitigating elements–such as intermediate buffers in production lines–on prioritization has not yet been investigated in depth. In this line, the work proposes a user‐friendly graphical technique called the