A risk-averse simulation-based approach for a joint optimization of workforce capacity, spare part stocks and scheduling priorities in maintenance planning

2020 ◽  
Vol 204 ◽  
pp. 107199
Author(s):  
Hasan Hüseyin Turan ◽  
Mahir Atmis ◽  
Fuat Kosanoglu ◽  
Sondoss Elsawah ◽  
Michael J. Ryan
Machines ◽  
2018 ◽  
Vol 6 (4) ◽  
pp. 55 ◽  
Author(s):  
Keren Wang ◽  
Dragan Djurdjanovic

Maintenance scheduling for geographically dispersed assets intricately and closely depends on the availability of maintenance resources. The need to have the right spare parts at the right place and at the right time inevitably calls for joint optimization of maintenance schedules and logistics of maintenance resources. The joint decision-making problem becomes particularly challenging if one considers multiple options for preventive maintenance operations and multiple delivery methods for the necessary spare parts. In this paper, we propose an integrated decision-making policy that jointly considers scheduling of preventive maintenance for geographically dispersed multi-part assets, managing inventories for spare parts being stocked in maintenance facilities, and choosing the proper delivery options for the spare part inventory flows. A discrete-event, simulation-based meta-heuristic was used to optimize the expected operating costs, which reward the availability of assets and penalizes the consumption of maintenance/logistic resources. The benefits of joint decision-making and the incorporation of multiple options for maintenance and logistic operations into the decision-making framework are illustrated through a series of simulations. Additionally, sensitivity studies were conducted through a design-of-experiment (DOE)-based analysis of simulation results. In summary, considerations of concurrent optimization of maintenance schedules and spare part logistic operations in an environment in which multiple maintenance and transpiration options are available are a major contribution of this paper. This large optimization problem was solved through a novel simulation-based meta-heuristic optimization, and the benefits of such a joint optimization are studied via a unique and novel DOE-based sensitivity analysis.


2015 ◽  
Vol 2015 ◽  
pp. 1-9 ◽  
Author(s):  
Jianfei Ye ◽  
Huimin Ma

In order to solve the joint optimization of production scheduling and maintenance planning problem in the flexible job-shop, a multiobjective joint optimization model considering the maximum completion time and maintenance costs per unit time is established based on the concept of flexible job-shop and preventive maintenance. A weighted sum method is adopted to eliminate the index dimension. In addition, a double-coded genetic algorithm is designed according to the problem characteristics. The best result under the circumstances of joint decision-making is obtained through multiple simulation experiments, which proves the validity of the algorithm. We can prove the superiority of joint optimization model by comparing the result of joint decision-making project with the result of independent decision-making project under fixed preventive maintenance period. This study will enrich and expand the theoretical framework and analytical methods of this problem; it provides a scientific decision analysis method for enterprise to make production plan and maintenance plan.


2016 ◽  
Vol 153 ◽  
pp. 64-74 ◽  
Author(s):  
Andrei Sleptchenko ◽  
Matthieu van der Heijden

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mohammad Fuad ◽  
Vinod Thakur ◽  
Ashutosh Kumar Sinha

PurposeFrom the socioemotional wealth (SEW) perspective, family firms prioritize non-financial goals and show risk averse behaviour towards conducting acquisitions. In this paper, we study family firms' acquisitive behaviour while participating in CBA waves. Scholars have largely treated the cross border acquisition (CBA) wave and non-wave environments as homogeneous. We theorize that these two environments differ in their uncertainty and risk profiles on account of temporal clustering of acquisition deals. Accordingly, based on the SEW perspective, we examine the preference of family firms to participate in CBA waves.Design/methodology/approach The paper is based on CBAs conducted by Indian family firms between 2000 and 2018. These waves are identified by conducting a simulation based methodology.FindingsOur findings suggest that foreign institutional ownership, firm age and acquisition relatedness moderate the relationship between family control and participation in CBA waves.Originality/valueOur paper contributes towards the acquisitive behavior of family firms and their participation in CBA waves.


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