Decision Support Tools for Preventive Maintenance Intervals and Replacement Decisions of Engineering Assets

Prognostic models for maintenance decisions have inherent limitations due to quality & quantity of historical data, assumptions made, and time required in validating models. In this paper, Preventive Maintenance (PM) Intervals, Failure events, cost and maintenance records from Computerized Maintenance Management System (CMMS) are analyzed for reducing downtimes and Operating Expenditure (OPEX). The proposed methodologies for maintenance intervals and replacements with acceptable level of confidence are articulated to asset maintenance of a City Council of Australian Local Government organisation as a case of improved decision making under limited information.