CUED Publications database

Towards measuring the impact of information availability on maintenance decisions

Srinivasan, R and Parlikad, AK and Ouertani, MZ (2009) Towards measuring the impact of information availability on maintenance decisions. In: UNSPECIFIED pp. 1328-1333..

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Abstract

Decisions concerning maintenance have become increasingly important and requires a diverse set of information as systems become more complex. The availability of information has an impact on the effectiveness of these decisions, and thus on the performance of the asset. This paper highlights the importance of quantifying the value of information on maintenance decisions and asset performance. In particular, we emphasise the need to focus on measuring value as opposed to cost of maintenance, which is the current practice. In this direction, we propose a measure - Value of Ownership (VOO) - to assess the value of information and performance of maintenance decisions throughout an assets lifecycle. © 2009 IFAC.

Item Type: Conference or Workshop Item (UNSPECIFIED)
Uncontrolled Keywords: Decision making Information requirement Maintenance management Performance evaluation
Subjects: UNSPECIFIED
Divisions: Div E > Manufacturing Systems
Div E > Strategy and Policy
Depositing User: Cron Job
Date Deposited: 07 Mar 2014 12:05
Last Modified: 26 Nov 2014 19:05
DOI: 10.3182/20090603-3-RU-2001.0220