MAINTENANCE-RELATED COSTS IN MAINTENANCE MANAGEMENT

Before World War II, industries carried out maintenance only when equipment suffered a breakdown and no interest was showed towards its economic implications. The manufacturing conditions during WWII produced a paradigm shiftin maintenance management. Avoiding failure, instead of waiting for it, led...

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Bibliographic Details
Published inProceedings of the International Annual Conference of the American Society for Engineering Management p. 1
Main Authors Barraza-Barraza, Diana, Limón-Robles, Jorge, Beruvides, Mario G
Format Conference Proceeding
LanguageEnglish
Published Huntsville American Society for Engineering Management (ASEM) 01.01.2014
Subjects
Cost reduction
Failure
Infant mortality
Maintenance costs
Maintenance management
Operating costs
Opportunity costs
Preventive maintenance
Purchase orders
World War II
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Summary:Before World War II, industries carried out maintenance only when equipment suffered a breakdown and no interest was showed towards its economic implications. The manufacturing conditions during WWII produced a paradigm shiftin maintenance management. Avoiding failure, instead of waiting for it, led to consider costs in maintenance policies. Much research has been developed in the area of maintenance-related costs and maintenance cost models. In this research paper, these costs were analyzed to understand its applications and relevance in maintenance management. Cost categories and subcategories are used to present models and a brief discussion is presented about advantages and disadvantages of maintenance cost models.