Comparison of strategies for optimal maintenance within utility industries

J. I. Ansell*, T. W. Archibald, R. Murray, T. Poole

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract / Description of output

The paper will explore the various strategies that can be employed to achieve 'optimal' maintenance policies within an organisation. When considering a single asset stochastic dynamic programming can be used be used to identify an optimal solution to maximise performance and minimise cost over the life of the asset, see Ansell et al (2001, 2004 and 2003) and Archibald et al (2004). In the case where there are several items the problem becomes inherently more complex, but Whittle Index can be employed, see Whittle (1988) and Glazebrook et al (2006a, 2006b).

Original languageEnglish
Title of host publicationSafety, Reliability and Risk Analysis: Beyond the Horizon
EditorsRDJM Steenbergen, PHAJM VanGelder, S Miraglia, ACWMT Vrouwenvelder
PublisherCRC PRESS-TAYLOR & FRANCIS GROUP
Pages637-641
Number of pages5
ISBN (Print)978-1-138-00123-7
Publication statusPublished - 2014
Event22nd Annual Conference on European Safety and Reliability (ESREL) - Amsterdam, Netherlands
Duration: 29 Sept 20132 Oct 2013

Conference

Conference22nd Annual Conference on European Safety and Reliability (ESREL)
Country/TerritoryNetherlands
Period29/09/132/10/13

Keywords / Materials (for Non-textual outputs)

  • RESTLESS BANDITS
  • PERFORMANCE
  • POLICIES
  • SYSTEMS

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