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Importance of assessing effectiveness of repair in obtaining an optimal maintenance strategy for repairable assets

  • Mulhim Al-Doori
  • Jake Ansell
  • Thomas Archibald
  • Lyn Thomas
Conference paper

Abstract

The competition and regulatory environment imposes the need for effective use of resources. Using stochastic dynamic programming the optimal maintenance strategy was obtained, see [1]. The approach was illustrated using data from the water industry. Obviously the optimal strategy will be affected by the costs and the effect of maintenance. In a previous paper the impact of costs were considered, [2]. In this paper the effect of maintenance is explored. It is found that ageing has an important effect on the optimal maintenance strategy

Keywords

Preventative Maintenance Stochastic Dynamic Programming Partial Likelihood Water Industry Optimal Maintenance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London 2004

Authors and Affiliations

  • Mulhim Al-Doori
    • 1
  • Jake Ansell
    • 2
  • Thomas Archibald
    • 2
  • Lyn Thomas
    • 3
  1. 1.Dept of Information TechnologyThe AmericanUniversity in DubaiDubaiUAE
  2. 2.School of ManagementThe University of EdinburghEdinburghUK
  3. 3.Dept of Accounting and Management ScienceThe University of SouthamptonSouthamptonEngland, UK

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