Optimization Of Equipment Replacement Cycle

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Optimization Of Equipment Replacement Cycle

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Author : Charles Stuart Knothe
language : en
Publisher:
Release Date : 1968

Optimization Of Equipment Replacement Cycle written by Charles Stuart Knothe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1968 with Replacement of industrial equipment categories.

Asset Management Excellence

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Author : John D. Campbell
language : en
Publisher: CRC Press
Release Date : 2016-04-19

Asset Management Excellence written by John D. Campbell and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-19 with Technology & Engineering categories.

During the eight years since the publication of Maintenance Excellence: Optimizing Equipment Life-Cycle Decisions the business environment has changed drastically. Globalization, consolidation, and changes in technology challenge asset management and maintenance professionals to be more efficient. Globalization and consolidation have been particula

Maintenance Excellence

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Author : John D. Campbell
language : en
Publisher: CRC Press
Release Date : 2001-02-13

Maintenance Excellence written by John D. Campbell and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-02-13 with Technology & Engineering categories.

Considering maintenance from a proactive, rather than reactive, perspective, Maintenance Excellence details the strategies, tools, and solutions for maximizing the productivity of physical assets—focusing on profitability potential. The editors address contemporary concerns, key terms, data requirements, critical methodologies, and essential mathematical needs. They present maintenance in a business context, review planning, measurement, feedback, and techniques related to cost, efficiency, and results, and summarize applications of tools and software from statistics and neural networks to cost-optimized models.

Equipment Replacement Optimization

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Author : Wei Fan
language : en
Publisher:
Release Date : 2011

Equipment Replacement Optimization written by Wei Fan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Life cycle costing categories.

The Department needs a system which recommends whether to retain or replace a unit of equipment, given that class of equipment's age, mileage, resale value, and the cost of replacement equipment. TxDOT categorizes, accounts for, and replaces equipment based on classes of equipment; the new automated fleet optimization system must use these class codes. The objective of this project is to (1) determine the best optimization methodology; (2) evaluate commercial fleet management systems; (3) develop the model if this is cost-effective relative to purchasing a commercial model; and (4) validate the new model as needed using data available on TxDOT's current fleet. To accomplish this project, the research team will formulate the equipment replacement optimization problem as a Mixed-Integer Linear Programming (MILP) model, and propose both Deterministic Dynamic Programming (DDP) and Stochastic Dynamic Programming (SDP) approaches to solving the Equipment Replacement Optimization (ERO) problem. Certainly, this system will be user-friendly and designed so that it can be easily used by non-technical district personnel (to evaluate individual district units against a class) and by technical division personnel (Fleet Manager) to develop optimal aggregate classcode replacement cycles.

Optimal Replacement Cycles Of Highway Operations Equipment

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Author : Ronald Hamilton (Transportation expert)
language : en
Publisher:
Release Date : 2018

Optimal Replacement Cycles Of Highway Operations Equipment written by Ronald Hamilton (Transportation expert) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Product life cycle categories.

Maintenance Excellence

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Author : John D. Campbell
language : en
Publisher: CRC Press
Release Date : 2001-02-13

Maintenance Excellence written by John D. Campbell and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-02-13 with Technology & Engineering categories.

Considering maintenance from a proactive, rather than reactive, perspective, Maintenance Excellence details the strategies, tools, and solutions for maximizing the productivity of physical assets—focusing on profitability potential. The editors address contemporary concerns, key terms, data requirements, critical methodologies, and essential mathematical needs. They present maintenance in a business context, review planning, measurement, feedback, and techniques related to cost, efficiency, and results, and summarize applications of tools and software from statistics and neural networks to cost-optimized models.

Simultaneous Optimization Of Preventive Maintenance And Replacement Policy For Machines A Modern Control Theory Approach

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Author : Suresh P. Sethi
language : en
Publisher:
Release Date : 1970

Simultaneous Optimization Of Preventive Maintenance And Replacement Policy For Machines A Modern Control Theory Approach written by Suresh P. Sethi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1970 with categories.

In the paper, the problem of machine replacement in the changing technological environment is formulated as a problem in modern control theory. The objective is to maximize the present value of all future net profits over a class of infinite chains of machines where each link in the chain represents a uniform length replacement cycle with identical preventive maintenance. The control is affected by varying the length of the replacement cycle, and the schedule of preventive maintenance. The optimal control is determined by applying the maximum principle of Pontryagin and resulting influence functions are provided economic interpretations. (Author).

Life Cycle Cost Modeling And Optimization For Capital Equipment Procurement

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Author : Mauricio Salvador Benitez Cardenas
language : en
Publisher:
Release Date : 2019

Life Cycle Cost Modeling And Optimization For Capital Equipment Procurement written by Mauricio Salvador Benitez Cardenas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.

Composite airplane manufacturing requires the use of autoclaves to cure composite materials in order to create durable, lightweight parts for use in airplanes. The large size, complexity and utility consumption of this equipment makes it an ideal starting place for cost optimization. Cost modeling and the framework created by this research provide input to understand the cost impact of the complex decision between multiple part capacity and single part capacity autoclaves. The results of this research include the identification of cost drivers for the autoclave equipment as focus areas for future cost reduction efforts. Additionally, wait time modeling illustrates how multiple capacity autoclaves increase work in progress and queue lengths and how to assign costs based on the impact of batching to production flow. The framework and analysis also show cost sensitivity to offloading parts and changes in production rates by using linear optimization algorithms to evaluate different scenarios. The framework is extendable to other capital equipment with complex tradeoffs by serving as a starting point for a data driven understanding of costs from recurring, non-recurring and production flow factors.

Maintenance Modeling And Optimization

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Author : Mohamed Ben-Daya
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Maintenance Modeling And Optimization written by Mohamed Ben-Daya and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Technology & Engineering categories.

Production costs are being reduced by automation, robotics, computer-integrated manufacturing, cost reduction studies and more. These new technologies are expensive to buy, repair, and maintain. Hence, the demand on maintenance is growing and its costs are escalating. This new environment is compelling industrial maintenance organizations to make the transition from fixing broken machines to higher-level business units for securing production capacity. On the academic front, research in the area of maintenance management and engineering is receiving tremendous interest from researchers. Many papers have appeared in the literature dealing with the modeling and solution of maintenance problems using operations research (OR) and management science (MS) techniques. This area represents an opportunity for making significant contributions by the OR and MS communities. Maintenance, Modeling, and Optimization provides in one volume the latest developments in the area of maintenance modeling. Prominent scholars have contributed chapters covering a wide range of topics. We hope that this initial contribution will serve as a useful informative introduction to this field that may permit additional developments and useful directions for more research in this fast-growing area. The book is divided into six parts and contains seventeen chapters. Each chapter has been subject to review by at least two experts in the area of maintenance modeling and optimization. The first chapter provides an introduction to major maintenance modeling areas illustrated with some basic models. Part II contains five chapters dealing with maintenance planning and scheduling. Part III deals with preventive maintenance in six chapters. Part IV focuses on condition-based maintenance and contains two chapters. Part V deals with integrated production and maintenance models and contains two chapters. Part VI addresses issues related to maintenance and new technologies, and also deals with Just-in-Time (JIT) and Maintenance.

Maintenance Replacement And Reliability

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Author : Andrew K.S. Jardine
language : en
Publisher: CRC Press
Release Date : 2013-05-28

Maintenance Replacement And Reliability written by Andrew K.S. Jardine and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-28 with Technology & Engineering categories.

A completely revised and updated edition of a bestseller, Maintenance, Replacement, and Reliability: Theory and Applications, Second Edition supplies the tools needed for making data-driven physical asset management decisions. The well-received first edition quickly became a mainstay for professors, students, and professionals, with its clear presentation of concepts immediately applicable to real-life situations. However, research is ongoing and relentless—in only a few short years, much has changed. See What’s New in the Second Edition: New Topics The role of maintenance in sustainability issues PAS 55, a framework for optimizing management assets Data management issues, including cases where data are unavailable or sparse How candidates for component replacement can be prioritized using the Jack-knife diagram New Appendices Maximum Likelihood Estimated (MLE) Markov chains and knowledge elicitation procedures based on a Bayesian approach to parameter estimation E-learning materials now supplement two previous appendices (Statistics Primer and Weibull Analysis) Updated the appendix List of Applications of Maintenance Decision Optimization Models Firmly based on the results of real-world research in physical asset management, the book focuses on data-driven tools for asset management decisions. It provides a solid theoretical foundation for various tools (mathematical models) that, in turn, can be used to optimize a variety of key maintenance/replacement/reliability decisions. It presents cases that illustrate the application of these tools in a variety of settings, such as food processing, petrochemical, steel and pharmaceutical industries, as well as the military, mining, and transportation (land and air) sectors. Based on the authors’ experience, the second edition maintains the format that made the previous edition so popular. It covers theories and methodologies grounded in the real world. Simply stated, no other book available addresses the range of methodologies associated with, or focusing on, tools to ensure that asset management decisions are optimized over the product’s life cycle. And then presents them in an easily digestable and immediately applicable way.