ABSTRACT

ABSTRACT: Acknowledging the fact that there many other perspectives, this paper discusses ‘maintenance management’ from an economical point of view. It will show that, using general principals of economics, an economical perspective leads to maintenance decisions differently from a technical, governance or ‘user’ perspective. It will also become apparent that optimisation in maintenance investments on the basis of economics often conflicts significantly with budgetary terms, frequently forcing a less economical ‘short-term’ maintenance strategy to be practice.