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Title:      MONEY BASED MAINTENANCE MODEL CONSTRAINED MULTI-OBJECTIVE OPTIMIZATION
Author(s):      Aitor Goti Elordi , Ana Isabel Sánchez Galdón , Aitor Oyarbide Zubillaga
ISBN:      972-8924-09-7
Editors:      Nuno Guimarães, Pedro Isaías and Ambrosio Goikoetxea
Year:      2006
Edition:      Single
Keywords:      Maintenance model, genetic algorithms, constrained optimization.
Type:      Full Paper
First Page:      49
Last Page:      56
Language:      English
Cover:      cover          
Full Contents:      click to dowload Download
Paper Abstract:      There is a growing interest from industry for using Risk Analysis for plant decision making. The increasing trend to translate industrial variables into economic terms has also a widely recognized interest. Among these industrial variables, plant maintenance decision-making is exceptionally important because of its economic consequences. In this context, this paper presents an approach for using a previously developed Money Based Maintenance model in conducting the constrained multi-objective optimization of preventive maintenance intervals based on a non-dominated sorting genetic algorithm. Thus, a case study of an injection machine is performed using this approach, which shows the benefits of adopting both the model and the non-dominated sorting genetic algorithm. Model results are contrasted with simulation based on Discrete Event Simulation, guaranteeing the accuracy of the results.
   

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