Data-driven preventive maintenance for a heterogeneous machine portfolio

Open Access
Authors
Publication date 03-2023
Journal Operations Research Letters
Volume | Issue number 51 | 2
Pages (from-to) 163-170
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
  • Faculty of Economics and Business (FEB)
Abstract We describe a data-driven approach to optimize periodic maintenance policies for a heterogeneous portfolio with different machine profiles. When insufficient data are available per profile to assess failure intensities and costs accurately, we pool the data of all machine profiles and evaluate the effect of (observable) machine characteristics by calibrating appropriate statistical models. This reduces maintenance costs compared to a stratified approach that splits the data into subsets per profile and a uniform approach that treats all profiles the same.
Document type Article
Note With supplementary file
Language English
Published at https://doi.org/10.1016/j.orl.2023.01.006
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