Condition-Based Maintenance Strategy for Stochastic Degradation Systems Considering Spare Parts

Effective spare parts inventory management can not only ensure timely maintenance of equipment maintenance activities, but also reduce inventory capital occupation and improve the economic benefits of enterprises. In this paper, we present a condition-based maintenance strategy that considers spare parts issues for systems, with the goal of jointly optimizing conditional-based maintenance and spare parts management. Random systems are gradually degraded and continuously monitored. Spare parts supply using (S-1,S) type inventory strategy. According to the proposed strategy, the replacement of components is based on the actual degree of degradation, which is caused by the demand for spare parts. The Monte Carlo simulation method was used to simulate the proposed condition-based maintenance and spare parts replacement strategy. Therefore, the optimal solution is obtained by jointly optimizing the spare parts and condition-based maintenance of the components. Finally, a numerical example is delivered to show the proposed method.