Abstract

This paper proposes a multicriteria decision model based on MAUT (Multiattribute Utility Theory) incorporated into an RCM (Reliability Centered Maintenance) approach in order to provide a better assessment of the consequences of failure, allowing a more effective maintenance planning. MAUT provides an evaluation of probability distributions on each attribute as well as trade-offs involving lotteries. The model proposed takes advantage of such evaluations and it also restructures consequence groups established in an RCM approach into new five dimensions. As a result, overall indices of utility are computed for each failure mode analyzed. With these values, the ranking of the alternatives is established. The decision-maker’s preferences are taken into account so that the final result for each failure mode incorporates subjective aspects based on the decision-maker’s perceptions and behavior.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.