Issue: 2019/Vol.29/No.1, Pages 17-35
AN ANALYSIS OF MAINTENANCE SCHEDULES FOR PUBLIC FACILITIES
Cite as: A. O. Hopland, S. F. Kvamsdal, L. K. Sandal. An analysis of maintenance schedules for public facilities. Operations Research and Decisions 2019: 29(1), 17-35. DOI 10.37190/ord190102
We present a flexible, formal framework for maintenance scheduling for public facilities. Key features of the model include an accelerating deterioration scheme, a general utility measure, and real estate market effects in the salvage function. The model is rich enough to capture a range of stylistic scenarios pertaining to public facilities while remaining simple enough to allow formal analysis of the optimal maintenance schedule. Based on our analysis, we draw a phase diagram that classifies the generic behavior of the optimal solution. We illustrate our analysis in numerical examples that highlight essential trade-offs and the time dependence of the facility maintenance problem. Under simplifying assumptions, we also derive the basics of an exact solution.
Keywords: maintenance, public facilities, optimization
Received: 24 July 2018 Accepted: 11 March 2019