A DECISION-MAKING FRAMEWORK FOR EFFECTIVE MAINTENANCE MANAGEMENT USING LIFE CYCLE COSTING (LCC) IN A ROLLING STOCK ENVIRONMENT

Authors

DOI:

https://doi.org/10.7166/27-4-1526

Keywords:

Decision Making, Life Cycle Costing, Maintenance Management

Abstract

In this paper, a life cycle costing (LCC) framework for effective maintenance management is investigated and developed for use in a railway rolling stock environment. The framework consists of combining typical mission-critical components together with their failure and maintenance history. All costs related to the operation and maintenance of these components throughout their life cycle are also determined. The next step involves considering different scenarios under which the components can be used in relation to operations, maintenance, and replacements. The decision about which scenario to take is based on the one with the most favourable net present value after life cycle costing is performed over a specified period of time. A typical railway rolling-stock maintenance organisation in South Africa was used to highlight the practical implications of such a framework and how the company could make informed and appropriate decisions. The conclusion of this study is that such a framework is useful, and that it can be used as a basis for estimating LCC across a spectrum of critical assets found in the rolling stock environment. 

Downloads

Download data is not yet available.

Author Biographies

Cornelius Jacobus Fourie, University of Stellenbosch

Chairholder, PRASA Chair for Maintenance Management, Department of Industrial Engineering, University of Stellenbosch

Tinashe George Tendayi, University of Stellenbosch

Research Engineer, PRASA Chair for Maintenance Management, Department of Industrial Engineering, University of Stellenbosch

Downloads

Published

2016-12-06

How to Cite

Fourie, C. J., & Tendayi, T. G. (2016). A DECISION-MAKING FRAMEWORK FOR EFFECTIVE MAINTENANCE MANAGEMENT USING LIFE CYCLE COSTING (LCC) IN A ROLLING STOCK ENVIRONMENT. The South African Journal of Industrial Engineering, 27(4), 142–152. https://doi.org/10.7166/27-4-1526

Issue

Vol. 27 No. 4 (2016)

Section

General Articles

License

Authors who publish in the Journal agree to the following terms:
  1. Authors retain copyright and grant the Journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this Journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the Journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this Journal.

Most read articles by the same author(s)