NDLI: Maintenance cost minimization of manufacturing systems using PSO under reliability constraint

Content Provider	Springer Nature Link
Author	Loganathan, M. K. Gandhi, O. P.
Copyright Year	2015
Abstract	Profit is a main objective of production units, and minimization of its maintenance cost will help to achieve it. But with no compromise with plant machinery reliability constraints. Manufacturing systems do require maintenance, but deferring it due to production constraints may increase its requirements, resulting in the increased cost. The experience shows that carrying out of the preventive maintenance (PM) helps in avoidance of catastrophic failures, but this needs to be optimized. An optimal PM interval will minimize maintenance cost, while maintaining their lower bound reliability. Most existing optimization models do not address this issue especially in the context of real life industries. Particle swarm optimization is an effective meta-heuristic technique and is extensively applied to find optimal solution for various engineering problems. In this paper, this is proposed for maintenance cost minimization of manufacturing systems under reliability constraint. An example is illustrated to demonstrate it.
Starting Page	47
Ending Page	61
Page Count	15
File Format	PDF
ISSN	09756809
Journal	International Journal of System Assurance Engineering and Management
Volume Number	7
Issue Number	1
e-ISSN	09764348
Language	English
Publisher	Springer India
Publisher Date	2015-08-11
Publisher Place	New Delhi
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Maintenance cost Reliability constraint Particle swarm optimization (PSO) Manufacturing system Quality Control, Reliability, Safety and Risk Engineering Economics, Organization, Logistics, Marketing
Content Type	Text
Resource Type	Article
Subject	Strategy and Management Safety, Risk, Reliability and Quality

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