Preventive Maintenance Interval Prediction: a Spare Parts Inventory Cost and Lost Earning Based Model | Zendy

O. A. Adebimpe | Zendy; Victor Oladokun | Zendy; O. E. Charles-Owaba | Zendy

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Preventive Maintenance Interval Prediction: a Spare Parts Inventory Cost and Lost Earning Based Model

Author(s) -

O. A. Adebimpe,

Victor Oladokun,

O. E. Charles-Owaba

Publication year - 2015

Publication title -

engineering technology and applied science research

Language(s) - English

Resource type - Journals

eISSN - 2241-4487

pISSN - 1792-8036

DOI - 10.48084/etasr.565

Subject(s) - spare part , preventive maintenance , reliability (semiconductor) , reliability engineering , interval (graph theory) , earnings , computer science , inventory cost , operations research , operations management , engineering , business , mathematics , supply chain , power (physics) , physics , quantum mechanics , combinatorics , marketing , accounting

In this paper, some preventive maintenance parameters in manufacturing firms were identified and used to develop cost based functions in terms of machine preventive maintenance. The proposed cost based model considers system’s reliability, cost of keeping spare parts inventory and lost earnings in deriving optimal maintenance interval. A case of a manufacturing firm in Nigeria was observed and the data was used to evaluate the model.

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