The business case for condition-based maintenance: a hybrid (non-) financial approach

W.W. Tiddens, T. Tinga, A.J.J. Braaksma, O. Brouwer

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    Abstract

    Although developing business cases is key for evaluating project success, the costs and benefits of condition-based maintenance (CBM) implementations are often not explicitly defined and evaluated. Using the design science methodology, we developed a hybrid business case approach to help managers evaluate and justify implementing CBM. We conclude that depending on the innovativeness (for the organization) of the applied technique, the business case should have a different goal orientation and be composed of different support elements. We use the proposed hybrid business case approach in an in-depth single case study that focusses on developing engine condition trend monitoring for a military transport aircraft. The case study ex-plores differences in applying innovative maintenance techniques (exploration) or applying well-known tech-niques (exploitation). Using a combination of non-financial (strategic multi-criteria analysis) and financial ele-ments (using Monte Carlo simulation), we compared the investment in CBM with both fixed-interval preventive maintenance and corrective maintenance.
    Original languageEnglish
    Title of host publicationSafety & Reliability - Theory and Applications
    Subtitle of host publicationESREL 2017
    EditorsMarko Cepin, Radim Bris
    PublisherTaylor & Francis
    Pages-
    ISBN (Print)978-1-138-62937-0
    DOIs
    Publication statusPublished - 2017
    EventEuropean Safety and Reliability Conference, ESREL 2017 - University of Ljubljana, Portorož, Slovenia
    Duration: 18 Jun 201722 Jun 2017

    Conference

    ConferenceEuropean Safety and Reliability Conference, ESREL 2017
    Abbreviated titleESREL
    CountrySlovenia
    CityPortorož
    Period18/06/1722/06/17

    Keywords

    • METIS-321741

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