Defining an Asset Management strategy for Aerospace MRO functions using Monte Carlo methods

A. J. Thomas; M Francis; H. Rowlands

doi:10.1049/cp.2011.0571

Defining an Asset Management strategy for Aerospace MRO functions using Monte Carlo methods

A. J. Thomas, M Francis, H. Rowlands

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This paper proposes the application of the Monte Carlo simulation method towards developing an effective Asset Management system within an Aerospace Maintenance Repair and Overhaul facility. In this contribution the method is used to estimate the economic impact on the selection of a particular Asset Management strategy which involves the MRO functions relating to cockpit display units (DUs). The simulation demonstrates that it is possible to identify the most cost effective approach and thus suggests a suitable DU maintenance policy which in turn allows engineers to develop the appropriate asset maintenance schedules.

Iaith wreiddiol	Saesneg
Teitl	IET and IAM Asset Management Conference 2011
Cyfrol	2011
Argraffiad	584 CP
Dynodwyr Gwrthrych Digidol (DOIs)	https://doi.org/10.1049/cp.2011.0571
Statws	Cyhoeddwyd - 2011
Digwyddiad	IET and IAM Asset Management Conference 2011 - London, Y Deyrnas Unedig Hyd: 30 Nov 2011 → 1 Dec 2011

Cynhadledd

Cynhadledd	IET and IAM Asset Management Conference 2011
Gwlad/Tiriogaeth	Y Deyrnas Unedig
Dinas	London
Cyfnod	30/11/11 → 1/12/11

Mynediad at Ddogfen

10.1049/cp.2011.0571Trwydded: CC BY-NC-ND

Dyfynnu hyn

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title = "Defining an Asset Management strategy for Aerospace MRO functions using Monte Carlo methods",

abstract = "This paper proposes the application of the Monte Carlo simulation method towards developing an effective Asset Management system within an Aerospace Maintenance Repair and Overhaul facility. In this contribution the method is used to estimate the economic impact on the selection of a particular Asset Management strategy which involves the MRO functions relating to cockpit display units (DUs). The simulation demonstrates that it is possible to identify the most cost effective approach and thus suggests a suitable DU maintenance policy which in turn allows engineers to develop the appropriate asset maintenance schedules.",

keywords = "Monte Carlo, Reliability, Repair strategy",

author = "Thomas, {A. J.} and M Francis and H. Rowlands",

year = "2011",

doi = "10.1049/cp.2011.0571",

language = "English",

isbn = "9781849195690",

volume = "2011",

booktitle = "IET and IAM Asset Management Conference 2011",

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note = "IET and IAM Asset Management Conference 2011 ; Conference date: 30-11-2011 Through 01-12-2011",

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T1 - Defining an Asset Management strategy for Aerospace MRO functions using Monte Carlo methods

AU - Thomas, A. J.

AU - Francis, M

AU - Rowlands, H.

PY - 2011

Y1 - 2011

N2 - This paper proposes the application of the Monte Carlo simulation method towards developing an effective Asset Management system within an Aerospace Maintenance Repair and Overhaul facility. In this contribution the method is used to estimate the economic impact on the selection of a particular Asset Management strategy which involves the MRO functions relating to cockpit display units (DUs). The simulation demonstrates that it is possible to identify the most cost effective approach and thus suggests a suitable DU maintenance policy which in turn allows engineers to develop the appropriate asset maintenance schedules.

AB - This paper proposes the application of the Monte Carlo simulation method towards developing an effective Asset Management system within an Aerospace Maintenance Repair and Overhaul facility. In this contribution the method is used to estimate the economic impact on the selection of a particular Asset Management strategy which involves the MRO functions relating to cockpit display units (DUs). The simulation demonstrates that it is possible to identify the most cost effective approach and thus suggests a suitable DU maintenance policy which in turn allows engineers to develop the appropriate asset maintenance schedules.

KW - Monte Carlo

KW - Reliability

KW - Repair strategy

U2 - 10.1049/cp.2011.0571

DO - 10.1049/cp.2011.0571

M3 - Conference contribution

AN - SCOPUS:84859329865

SN - 9781849195690

VL - 2011

BT - IET and IAM Asset Management Conference 2011

T2 - IET and IAM Asset Management Conference 2011

Y2 - 30 November 2011 through 1 December 2011

ER -

Defining an Asset Management strategy for Aerospace MRO functions using Monte Carlo methods

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