Title :
A value based model to correlate R&M investments and system performance
Author :
van Baaren, Ron J. ; Curran, Ricky
Author_Institution :
ADSE, Consulting and Engineering, Scorpius 90, Hoofddorp, 2132 LR, The Netherlands
Abstract :
This paper presents a strategic decision model based on a value function which correlates Reliability and Maintainability (R&M) investments in design to long-run availability and operational cost improvements. This RAMS Driven Design Value-based strategic decision Model (RDD-VM) aims to support designers and operators to make the right strategic decisions for the effective implementation of RAMS in the design process of complex technical systems, especially since upfront resources are scarce as ever.
Keywords :
IEEE Xplore; Portable document format; Business Process Improvement; Economic Models for R&M; R&M Management;
Conference_Titel :
Reliability and Maintainability Symposium (RAMS), 2014 Annual
Conference_Location :
Colorado Springs, CO
Print_ISBN :
978-1-4799-2847-7
DOI :
10.1109/RAMS.2014.6798434
