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

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

*Corresponding author for this work

    Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

    1 Citation (Scopus)

    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.

    Original languageEnglish
    Title of host publicationIET and IAM Asset Management Conference 2011
    Volume2011
    Edition584 CP
    DOIs
    Publication statusPublished - 2011
    EventIET and IAM Asset Management Conference 2011 - London, United Kingdom
    Duration: 30 Nov 20111 Dec 2011

    Conference

    ConferenceIET and IAM Asset Management Conference 2011
    Country/TerritoryUnited Kingdom
    CityLondon
    Period30/11/111/12/11

    Keywords

    • Monte Carlo
    • Reliability
    • Repair strategy

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