The selection of an optimal maintenance strategy is one of the principal strategic decisions that must be taken in many contexts in order to maintain an asset with minimum deterioration and to deliver maximum output with high quality. When considering maintenance cost, reliability, and safety level of industrial assets, decision makers must select an appropriate maintenance strategy, preferably, with a known degree of uncertainty. This article utilizes a new interval type-2 fuzzy (IT2F) multicriteria decision-making method based on the analytic hierarchy process (AHP) and the technique for order of preference by similarity to ideal solution (TOPSIS), which can effectively handle the degree of uncertainty in group decision making and assist in the selection of the most feasible and optimal industrial asset maintenance strategy. The proposed method is compared with the results obtained from the conventional AHP-TOPSIS and type-1 fuzzy AHP-TOPSIS—the rank obtained from IT2F-AHP-TOPSIS is identical to those methods and can be used as an effective alternative to the type-1 fuzzy method. Compared with conventional AHP-TOPSIS and type-1 fuzzy AHP, IT2F-AHP-TOPSIS has the added advantage that it allows decision makers to define the membership function with greater flexibility and is able to handle uncertainty during decision making.
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