Cost Estimation for Maintenance Contracts for Complex Asset/Equipment

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Title Cost Estimation for Maintenance Contracts for Complex Asset/Equipment
Author Rahman, Anisur; Chattopadhyay, G.
Publication Title IEEM 2008
Editor Professor Martin G. Helander
Year Published 2008
Place of publication Singapore
Publisher IEEE Engineering Management Society Singapore Chapter, IEEE Singapore Section
Abstract Maintenance contracts are becoming more and more popular to the owners of complex and critical items as maintenance through contracts reduces upfront investments in infrastructure, expertise and specialised maintenance facilities. In recent years, maintenance contracts have received significant attention due to increased profits for the service providers and reduction of risk for owners through expert services provided by the service providers. To make maintenance contracts more effective, there is a need to develop mathematical models and understand future costs that could be built into the contract price. In this paper, a conceptual model is developed for estimating cost of outsourcing maintenance of complex and critical asset/equipment taking into account both corrective and preventive maintenance as servicing strategies.
Peer Reviewed Yes
Published Yes
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Copyright Statement Copyright 2008 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE.
ISBN 978-1-4244-2630-0
Conference name The IEEE International Conference on Industrial Engineering and Engineering Management
Location Singapore
Date From 2008-12-08
Date To 2008-12-11
Date Accessioned 2009-01-29
Language en_AU
Faculty Faculty of Science, Environment, Engineering and Technology
Subject PRE2009-Industrial Engineering
Publication Type Conference Publications (Full Written Paper - Refereed)
Publication Type Code e1

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