Dynamic risk consideration of predicted maintenance needs regarding economic efficiency. Foerster, F. & Nikelowski, L. Procedia CIRP, 93:915–920, January, 2020.
Dynamic risk consideration of predicted maintenance needs regarding economic efficiency [link]Paper  doi  abstract   bibtex   
In the context of predictive maintenance, where machine failures are predicted, it is assumed that a failure prognosis has already taken place. To ensure that such a forecast is adequately implemented, the results must be appropriately integrated into the planning processes. However, this leads to a planning conflict if a machine is addressed by both production and maintenance planning. For this reason, a prioritization of alternative actions is derived based on the concept of risk management. In this way, the appropriate measures can be economically quantified and finally weighed against each other. The result is a quantitative evaluation basis for a economic consideration of impending machine malfunctions on the one hand and value-adding production orders on the other.
@article{foerster_dynamic_2020,
	series = {53rd {CIRP} {Conference} on {Manufacturing} {Systems} 2020},
	title = {Dynamic risk consideration of predicted maintenance needs regarding economic efficiency},
	volume = {93},
	issn = {2212-8271},
	url = {http://www.sciencedirect.com/science/article/pii/S2212827120306545},
	doi = {10.1016/j.procir.2020.04.067},
	abstract = {In the context of predictive maintenance, where machine failures are predicted, it is assumed that a failure prognosis has already taken place. To ensure that such a forecast is adequately implemented, the results must be appropriately integrated into the planning processes. However, this leads to a planning conflict if a machine is addressed by both production and maintenance planning. For this reason, a prioritization of alternative actions is derived based on the concept of risk management. In this way, the appropriate measures can be economically quantified and finally weighed against each other. The result is a quantitative evaluation basis for a economic consideration of impending machine malfunctions on the one hand and value-adding production orders on the other.},
	language = {en},
	urldate = {2020-09-28},
	journal = {Procedia CIRP},
	author = {Foerster, Fabian and Nikelowski, Lukas},
	month = jan,
	year = {2020},
	keywords = {economic efficiency, maintenance planning, predictive maintenance, production scheduling, risk management},
	pages = {915--920},
}

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