PurposeThis work seeks to develop a geometric imperfect preventive maintenance (PM) and replacement model (GIPMAR) for aging repairable systems due to age and prolong usage that would meet users need in three phases: within average life span, beyond average life span and beyond initial replacement age of system.Design/methodology/approachThe authors utilized the geometric process (GP) as the hazard function to characterize the increasing failure rate (IFR) of the system. The GP hazard function was incorporated into the hybridized preventive and replacement model of Lin et al. (2000). The resultant expected cost rate function was optimized to obtain optimum intervals for PM/replacement and required numbers of PM per cycle. The proposed GIPMAR model was applied to repairable systems characterized by Weibull life function and the results yielded PM/replacement schedules for three different phases of system operation.FindingsThe proposed GIPMAR model is a generalization of Lin et al. (2000) PM model that were comparable with results of earlier models and is adaptive to situations in developing countries where systems are used across the three phases of operation depicted in this work. This may be due to economic hardship and operating environment.Practical implicationsThe proposed model has provided PM/Replacement schedules for different phases of operation which was never considered. This would provide a useful guide to maintenance engineers and end-users in developing countries with a view to minimizing the average cost of maintenance as well as reducing the number of down times of systems.Social implicationsA duly implemented GIPMAR model would ensure efficient operation of systems, optimum man-hour need in the organization and guarantee customer's goodwill in a competitive environment.Originality/valueIn this work, the authors have extended Lin et al. (2000) PM model to provide PM/replacement schedules for aging repairable systems which was not provided for in earlier existing models and literature.

This work is geared towards detecting and solving the problem of multicolinearity in regression analysis. As such, Variance Inflation Factor (VIF) and the Condition Index (CI) were used as measures of such detection. Ridge Regression (RR) and the Principal Component Regression (PCR) were the two other approaches used in modeling apart from the conventional simple linear regression. For the purpose of comparing the two methods, simulated data were used. Our task is to ascertain the effectiveness of each of the methods based on their respective mean square errors. From the result, we found that Ridge Regression (RR) method is better than principal component regression when multicollinearity exists among the predictors.

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