Multi-objective optimisation of asset maintenance management

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Author	Search for: Kyle, B. R.; Search for: Lounis, Z.¹; Search for: Vanier, D. J.¹
Affiliation	National Research Council of Canada. NRC Institute for Research in Construction
Format	Text, Article
Conference	9th International Conference on Computing in Civil and Building Engineering: 03 April 2002, Taipei, Taiwan
Subject	asset management, maintenance management, optimization, multi-objective; Asset management; Durability and Service life
Abstract	This paper presents a systematic decision-making approach for asset maintenance management that combines a stochastic Markovian performance prediction model with a multi-objective optimization method for determining the optimal allocation of funds and prioritization of assets for maintenance, repair and replacement. The maintenance optimization is formulated as a multi-stage and multi-objective optimization problem that seeks the simultaneous satisfaction of several conflicting objectives. The paper also examines the benefits of this approach as compared to the traditional maintenance prioritization and management practices.
Publication date	2002-04-03
Language	English
Peer reviewed	Yes
NRC number	NRCC 45160 NRCC 14218
NPARC number	20386140
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Record identifier	f59f34d1-1517-4e28-a93e-5ab889261e3e
Record created	2012-07-25
Record modified	2020-03-30