Maintenance strategy selection and its impact in maintenance function

Abstract

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Manoeuvring physical assets into the future

“…was an important precondition for the corporate strategy (Velmurugan and Dhingra, 2015). This resulted in the development of the Asset Management discipline, which includes maintenance but has a far wider scope.…”

“…Based on this information, two main types of applications exist: diagnostics and prognostics. Diagnostics concerns the detection, isolation and identification of faults when they occur, while prognostics (also known as 'predictive maintenance' (Velmurugan and Dhingra, 2015)) deals with the prediction of faults before they occur (Jardine et al, 2006). Most relevant for this paper is the remaining useful lifetime (RUL) estimation, which belongs to prognostics.…”

“…Based on an extensive review of 37 maintenance concepts, Fraser et al (2015) concluded that most important and popular maintenance concepts are Reliability Centred Maintenance, Total Productive Maintenance and Condition Based Maintenance 7 (Fraser et al, 2015). With respect to the remaining 34 arti- 6 Many different words are used in the literature, for example 'maintenance strategy' (Murthy et al, 2002), 'maintenance management model' (Fraser et al, 2015), 'maintenance approach/tactic' (Velmurugan and Dhingra, 2015) and 'maintenance technique' (Garg and Deshmukh, 2006). 7 One might argue that CBM is a maintenance policy (which "prescribe[s] which parameter triggers a maintenance action" (Goossens, 2015, p. 21)), rather than a maintenance concept, as (prognostic) CBM is basically about doing maintenance based on the (current or predicted) condition of the asset, and thus does not consider various maintenance policies.…”

“…Recent past, maintenance management has changed its concerns towards the consideration of long-term goals like competitive, sustainability and strategy [...]. Therefore, maintenance management needs to be viewed in a strategic perspective" (Velmurugan andDhingra, 2015, p. 1623). The use of the concept 'asset maintenance management' (e.g.…”

“…Changes are not limited to the context in which the assets need to create value, also the corporate objectives with the asset may change. The use of the assets only produces value for the company if their operation is aligned with the corporate objectives (Komonen et al, 2012;Velmurugan and Dhingra, 2015). During the lifetime of the assets, the corporate objectives are likely to change, even more so in the ever increasing market turbulence currently experienced (Tsang, 2002;Al-Turki, 2011;Komonen et al, 2012).…”