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Condition-Based Maintenance: Capital Goods Industry
Abstract
Condition-Based Maintenance (CBM) is one type of preventive maintenance policy. CBM has attracted lots of attentions of both academia and industry due to the development of advanced sensor technology and measurement devices. The proper implementation of CBM can reduce the frequency of random failures and the expected cost of maintenance during the lifecycle of a system. In this chapter, a brief overview of different maintenance strategies is first provided for the readers who are not familiar with maintenance optimization models. Then several elementary models about CBM will be introduced to help the readers get a general idea of the optimization models in this field.
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