An Analysis of Maintenance Schedules for Public Facilities
We present a flexible, formal framework for maintenance scheduling for public facilities. Key features of the model include an accelerating deterioration scheme, a general utility measure, and real estate market effects in the salvage function. The model is rich enough to capture a range of stylisti...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wrocław University of Science and Technology
2019-01-01
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| Series: | Operations Research and Decisions |
| Online Access: | http://orduser.pwr.wroc.pl/DownloadFile.aspx?aid=1409 |
| _version_ | 1819241895400833024 |
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| author | Arnt O. Hopland Sturla F. Kvamsdal Leif K. Sandal |
| author_facet | Arnt O. Hopland Sturla F. Kvamsdal Leif K. Sandal |
| author_sort | Arnt O. Hopland |
| collection | DOAJ |
| description | We present a flexible, formal framework for maintenance scheduling for public facilities. Key features of the model include an accelerating deterioration scheme, a general utility measure, and real estate market effects in the salvage function. The model is rich enough to capture a range of stylistic scenarios pertaining to public facilities while remaining simple enough to allow formal analysis of the optimal maintenance schedule. Based on our analysis, we draw a phase diagram that classifies the generic behavior of the optimal solution. We illustrate our analysis in numerical examples that highlight essential trade-offs and the time dependence of the facility maintenance problem. Under simplifying assumptions, we also derive the basics of an exact solution. (original abstract) |
| first_indexed | 2024-12-23T14:31:10Z |
| format | Article |
| id | doaj.art-8d2a7f9628f74b4caf2896333cb336c4 |
| institution | Directory Open Access Journal |
| issn | 2081-8858 2391-6060 |
| language | English |
| last_indexed | 2024-12-23T14:31:10Z |
| publishDate | 2019-01-01 |
| publisher | Wrocław University of Science and Technology |
| record_format | Article |
| series | Operations Research and Decisions |
| spelling | doaj.art-8d2a7f9628f74b4caf2896333cb336c42022-12-21T17:43:30ZengWrocław University of Science and TechnologyOperations Research and Decisions2081-88582391-60602019-01-01vol. 29no. 11735171555703An Analysis of Maintenance Schedules for Public FacilitiesArnt O. Hopland0Sturla F. Kvamsdal1Leif K. Sandal2NHH Norwegian School of Economics, Bergen, NorwaySNF - Centre for Applied Research at NHH, Bergen, NorwayNHH Norwegian School of Economics, Bergen, NorwayWe present a flexible, formal framework for maintenance scheduling for public facilities. Key features of the model include an accelerating deterioration scheme, a general utility measure, and real estate market effects in the salvage function. The model is rich enough to capture a range of stylistic scenarios pertaining to public facilities while remaining simple enough to allow formal analysis of the optimal maintenance schedule. Based on our analysis, we draw a phase diagram that classifies the generic behavior of the optimal solution. We illustrate our analysis in numerical examples that highlight essential trade-offs and the time dependence of the facility maintenance problem. Under simplifying assumptions, we also derive the basics of an exact solution. (original abstract)http://orduser.pwr.wroc.pl/DownloadFile.aspx?aid=1409 |
| spellingShingle | Arnt O. Hopland Sturla F. Kvamsdal Leif K. Sandal An Analysis of Maintenance Schedules for Public Facilities Operations Research and Decisions |
| title | An Analysis of Maintenance Schedules for Public Facilities |
| title_full | An Analysis of Maintenance Schedules for Public Facilities |
| title_fullStr | An Analysis of Maintenance Schedules for Public Facilities |
| title_full_unstemmed | An Analysis of Maintenance Schedules for Public Facilities |
| title_short | An Analysis of Maintenance Schedules for Public Facilities |
| title_sort | analysis of maintenance schedules for public facilities |
| url | http://orduser.pwr.wroc.pl/DownloadFile.aspx?aid=1409 |
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