Evangelos Triantaphyllou, Boris Kovalerchuk, Lawrence Mann and Gerald M. Knapp
Many maintenance decisions require the evaluation of alternative solutions in terms of complex maintenance criteria such as cost, repairability, reliability and availability…
Abstract
Many maintenance decisions require the evaluation of alternative solutions in terms of complex maintenance criteria such as cost, repairability, reliability and availability requirements. Such problems can be formulated as multi‐criteria decision‐making problems. The relative importance of maintenance criteria is difficult to assess, and therefore a sensitivity analysis becomes a necessity. The sensitivity analysis approach presented reveals some counter‐intuitive results and can considerably enhance the application of decision analysis in complex maintenance management.