Optimized asset maintenance and replacement schedule
First Claim
1. A method for decreasing a failure rate of each asset of a set of assets comprising:
- receiving, at a programmed hardware processor, data regarding an asset, said data including a failure rate function capturing a condition of said asset up to a point in time, a cost of preventative maintenance (PM) of said asset, a cost of an asset failure, and a cost of replacing an asset;
receiving, at said programmed hardware processor, a further input specifying a time horizon;
determining, at said programmed hardware processor, whether there is a need to replace said asset, and when a replacement of said asset is needed;
computing, at said programmed hardware processor, a mean cost-rate optimization problem formulated as an objective function of a total cost of the asset over said specified time horizon, said total cost being a function of a cost of preventative maintenance (PM) of said asset for K−
1 PMs, and an expected cost of repairs for an asset failure computed as a function of said failure rate function, and the cost of replacing an asset;
computing, using the programmed hardware processor, an optimal number of preventative maintenance actions K and time intervals tk for each asset independently by minimizing said objective function with respect to an age of the electrical asset yk, where k represents a kth PM, wherein said schedule is formed without considering a labor and budget resource constraint; and
the programmed hardware processor device further storing said optimal number of preventative maintenance time intervals for each asset as data in a memory storage device operatively coupled with said processor device; and
the programmed hardware processor device generating a final maintenance schedule for the system of assets based on stored said optimal number of preventative maintenance time intervals by minimizing a deviation from the computed optimal PM time intervals subject to the labor and budget resource constraints.
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Accused Products
Abstract
There are provided a system, a method and a computer program product for generating an optimal preventive maintenance/replacement schedule for a set of assets. The method includes receiving data regarding an asset, said data including a failure rate function of said asset, a cost of preventative maintenance (PM) of said asset, a cost of an asset failure, and a cost of replacing an asset. An optimal number K of preventative maintenance time intervals tk and an indication of a possible replacement is computed and stored for each asset by minimizing a mean cost-rate value function with respect to an electrical age of the asset. A first PM schedule is formed without consideration of labor and budget resource constraints. The method further generates a second maintenance schedule for a system of assets by minimizing a deviation from the optimal PM time intervals subject to the labor and budget resource constraints.
10 Citations
8 Claims
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1. A method for decreasing a failure rate of each asset of a set of assets comprising:
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receiving, at a programmed hardware processor, data regarding an asset, said data including a failure rate function capturing a condition of said asset up to a point in time, a cost of preventative maintenance (PM) of said asset, a cost of an asset failure, and a cost of replacing an asset; receiving, at said programmed hardware processor, a further input specifying a time horizon; determining, at said programmed hardware processor, whether there is a need to replace said asset, and when a replacement of said asset is needed; computing, at said programmed hardware processor, a mean cost-rate optimization problem formulated as an objective function of a total cost of the asset over said specified time horizon, said total cost being a function of a cost of preventative maintenance (PM) of said asset for K−
1 PMs, and an expected cost of repairs for an asset failure computed as a function of said failure rate function, and the cost of replacing an asset;computing, using the programmed hardware processor, an optimal number of preventative maintenance actions K and time intervals tk for each asset independently by minimizing said objective function with respect to an age of the electrical asset yk, where k represents a kth PM, wherein said schedule is formed without considering a labor and budget resource constraint; and the programmed hardware processor device further storing said optimal number of preventative maintenance time intervals for each asset as data in a memory storage device operatively coupled with said processor device; and the programmed hardware processor device generating a final maintenance schedule for the system of assets based on stored said optimal number of preventative maintenance time intervals by minimizing a deviation from the computed optimal PM time intervals subject to the labor and budget resource constraints. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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Specification