Integrated decision on spare parts ordering and equipment maintenance under condition based maintenance strategy

Aiming to optimize the equipment maintenance and the spare parts ordering management jointly, a comprehensive decision model under condition based maintenance (CBM) policy is presented for a single equipment system with continuous and random deterioration. In this model, the equipment deterioration is a continuous Gamma process under a continuous condition monitoring, and the spare parts inventory is controlled by spare parts support probability. Firstly, a spare part support probability model was developed to determine the optimal spare parts stock level S, which is set to meet the requirement of a predetermined stockout probability. Secondly, the equipment replacement and spare parts ordering decision is made to optimize the equipment replacement and spare parts ordering jointly, which is based on the equipment deterioration leveland total operating cost of the system. Thirdly, an integrated decision simulation model is presented for evaluating cost rate, availability and stockout probability. Finally, a numerical example is given to illustrate the performance of this model. The results show that the optimal preventive maintenance threshold obtained from the proposed decision model can satisfy the spare parts support requirements under (S-1, S) inventory control strategy.