An algorithm for making a decision to extend the service life of equipment at the enterprise

Authors: Dynchenkova T.V.
Published in issue: #2(79)/2023
DOI: 10.18698/2541-8009-2023-2-862
Category: Mechanical Engineering and Machine Science | Chapter: Machines, Units and Processes
Keywords: equipment service life, operating costs, residual value, dynamic programming method, modeling, equipment condition, cost function, conditional optimization, optimal trajectory, replacement period, individual replacement strategy
Published: 14.03.2023

Currently, it is important for those who operate equipment at enterprises to be able to determine the economic feasibility of extending its service life. The developed algorithm allows the decision-maker to evaluate and extend the service life of the equipment, as well as to carry out an individual strategy for replacing equipment taken during operation at the enterprise under supervision. As a criterion, the minimum cost of purchasing and operating equipment for the entire service life is proposed in the form of the sum of annual components, during which its replacement with an identical new one will not be required.

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