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2019 | 29 | nr 1 | 17--35
Tytuł artykułu

An Analysis of Maintenance Schedules for Public Facilities

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
We present a flexible, formal framework for maintenance scheduling for public facilities. Key features of the model include an accelerating deterioration scheme, a general utility measure, and real estate market effects in the salvage function. The model is rich enough to capture a range of stylistic scenarios pertaining to public facilities while remaining simple enough to allow formal analysis of the optimal maintenance schedule. Based on our analysis, we draw a phase diagram that classifies the generic behavior of the optimal solution. We illustrate our analysis in numerical examples that highlight essential trade-offs and the time dependence of the facility maintenance problem. Under simplifying assumptions, we also derive the basics of an exact solution. (original abstract)
Rocznik
Tom
29
Numer
Strony
17--35
Opis fizyczny
Twórcy
  • NHH Norwegian School of Economics, Bergen, Norway
  • SNF - Centre for Applied Research at NHH, Bergen, Norway
  • NHH Norwegian School of Economics, Bergen, Norway
Bibliografia
  • [1] AGÉNOR P.-R., Infrastructure investment and maintenance expenditure. Optimal allocation rules in a growing economy, J. Pub. Econ. Th., 2009, 11 (2), 233-250.
  • [2] BENSOUSSAN A., SETHI S.P., The machine maintenance and sale age model of Kamien and Schwartz revisited, Man. Sci., 2007, 53 (12), 1964-1976.
  • [3] BORGE L.-E., HOPLAND A.O., Maintenance and building conditions in Norwegian local governments. Economic and political determinants, Working Paper No. 8/2012, Department of Economics, Norwegian University of Science and Technology, Trondheim 2012.
  • [4] BORGE L.-E., HOPLAND A.O., Schools and public buildings in decay. The role of political fragmentation, Econ. Govern., 2017, 18 (1), 85-105.
  • [5] COOKE F.L., Implementing TPM in plant maintenance. Some organisational barriers, Int. J. Qual. Reliab. Man., 2000, 17 (9), 1003-1016.
  • [6] COOKE F.L., Plant maintenance strategy. Evidence from four British manufacturing firms, J. Qual. Maint. Eng., 2003, 9 (3), 239-249.
  • [7] DE HAAN J., STURM J.-E., SIKKEN B.J., Government capital formation. Explaining the decline, Weltwirtschaft. Arc. Rev. World Econ., 1996, 132 (1), 55-74.
  • [8] FRASER K., Facilities management. The strategic selection of a maintenance system, J. Facil. Man., 2014, 12 (1), 18-37.
  • [9] FRASER K., HVOLBY H.-H., WATANABE C., Review of the three most popular maintenance systems. How well is the energy sector represented?, Int. J. Global Energy Iss., 2011, 35 (2/3/4), 287-309.
  • [10] GAUTEPLASS A.Å., HOPLAND A.O., Using game theory to stimulate provision of local public facilities. Prop. Man., 2017, 35 (4), 368-379.
  • [11] HOPLAND A.O., Can game theory explain poor maintenance of regional government facilities?, Facil., 2015, 33 (3-4), 195-205.
  • [12] HOPLAND A.O., KVAMSDAL S.F., Optimal maintenance scheduling of local public purpose buildings, Prop. Man., 2016, 34 (2), 120-135.
  • [13] HOPLAND A.O., KVAMSDAL S.F., Building conditions in Norwegian local governments. Trends and determinants, Facil., 2019, 37 (3/4), 141-156.
  • [14] HOPLAND A.O., KVAMSDAL S.F., Concerns among local government facility managers. A Norwegian survey, Facil., 2018, 36, (5/6), 230-243.
  • [15] KALAITZIDAKIS P., KALYVITIS S., On the macroeconomic implications of maintenance in public capital, J. Pub. Econ., 2004, 88, 695-712.
  • [16] KAMIEN M.I., SCHWARTZ N.L., Optimal maintenance and sale age for a machine subject to failure, Man. Sci., 1971, 17 (8), B495-B504.
  • [17] KAMIEN M.I., SCHWARTZ N.L., Dynamic Optimization, 2nd Ed., Elsevier, Amsterdam 1991.
  • [18] OXLEY H., MARTIN J.P., Controlling government spending and deficit. Trends in the 1980s and prospects for the 1990s, OECD Econ. Stud., 1991, 17, 145-189.
  • [19] RIOJA F.K., Productiveness and welfare implications of public infrastructure. A dynamic two-sector general equilibrium analysis, J. Dev. Econ., 1999, 58, 387-404.
  • [20] RIOJA F.K., Filling potholes: macroeconomic effects of maintenance versus new investments in public infrastructure, J. Pub. Econ., 2003, 87, 2281-2304.
  • [21] STURM J.-E., Public capital expenditures in the OECD countries: The causes and impact of the decline in public capital spending, Edward Elgar, Cheltenham 1998.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171555703

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