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Determination of the Exact Economic Time for the Component Replacement Using Condition-Based Maintenance

  • 2024
  • OriginalPaper
  • Chapter
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Abstract

The chapter presents a detailed methodology for determining the optimal economic time for component replacement using condition-based maintenance (CBM). It introduces a semi-Markovian model to calculate the preventive interval and degradation threshold, considering various factors such as income, costs, and failure probabilities. The model is designed to optimize the expected accumulated return over time, providing maintenance managers with a powerful tool to enhance asset reliability and reduce maintenance costs. The chapter also discusses the background and applications of similar models, highlighting the unique contributions of the proposed methodology in the field of prognostics and health management (PHM).

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Title
Determination of the Exact Economic Time for the Component Replacement Using Condition-Based Maintenance
Authors
Antonio Sánchez-Herguedas
Antonio Jesús Guillén-López
Francisco Rodrigo-Muñoz
Copyright Year
2024
DOI
https://doi.org/10.1007/978-3-031-52391-5_7
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