Skip to main content

Robust-optimum multi-attribute age-based replacement policy

Buy Article:

$54.08 plus tax (Refund Policy)


Purpose ‐ A common model in the age-based replacement policy is based on the cost attribute and assumes that the model parameters are known. In practice, the model parameters are estimated from limited historical data, which brings uncertainty into the model. Moreover, minimizing the cost is not the only goal of the maintenance activity. From the decision maker's point of view, the multi-attributes and the uncertainty of the age-based replacement policy are two important aspects to take into consideration in the decision-making process. The purpose of this paper is to propose an approach for a robust-optimum multi-attribute age-based replacement policy. Design/methodology/approach ‐ The proposed approach is based on a combination of the multi-attribute age-based replacement policy and robust design problem philosophy. A case study is provided for illustrating the application of the proposed method. Findings ‐ It is found that the proposed approach can determine the interval time for preventive replacement that provides a robust and optimum solution for a multi-attribute age-based replacement policy. Practical implications ‐ The proposed approach can be used by the decision maker in determining a robust-optimum interval time for preventive replacement of multi-attribute age-based replacement, a time interval which is not only optimum, but also robust. Originality/value ‐ This paper presents an approach that simultaneously considers the multi-attributes and the uncertainty in the age-based replacement policy which is, to date, not available.

Keywords: Age-based replacement policy; Costs; Maintenance; Multi-attributes; Optimization; Replacement control; Robust design

Document Type: Research Article


Publication date: 2012-08-10

  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more