ABSTRACT
Maintenance plays a critical role in supporting systems availability and profitability. An effective maintenance management requires abundant resources and appropriate planning. Not surprisingly, minimizing maintenance cost has been the primary objective for the existing maintenance optimization models. The existing cost-centric models do not consider maintenance contributions to the system value. For example, improved system reliability and extended useful life are the significant values of maintenance. Considering maintenance as a value-generating action is a paradigm shift in maintenance planning, which might lead to more efficient maintenance strategies. However, unlike maintenance cost models, formulating maintenance from the value perspective is quite challenging. The complexity of quantifying maintenance value results from the combined effects of multiple factors. This study attempts to investigate the growing research related to value-driven maintenance and evaluate the potential of this emerging research subject for civilinfrastructures.
