“…Improving reliability is often cited as a result of an improved ability to schedule maintenance actions (Priller et al, 2014;Yiu et al, 2019;Catenazzo et al, 2018), and in some cases, as a result of implementing prognostics and health management through retrofitting (Ranjbar et al, 2019;Cattaneo & Macchi, 2019;Vogl et al, 2015). When failures occur, SRM can also reduce the Mean Down Time (MDT), effectively improving maintainability (Sezer et al, 2018;Lesjak et al, 2014;Alves et al, 2020). Besides an improved maintenance schedule, maintainability might be augmented by retrofitting through faster response times (Wang et al, 2020;Liang et al, 2020;Gayathri & Vasudevan, 2018), which enable the use of alarms, earlier detection of faults, and remote notifications.…”