A modelling approach for maintenance resource-provisioning policies

A study has been undertaken to understand the capability of system dynamics modelling in simulating interrelationships between maintenance and the resource provisioning policy. A review of the literature indicates that such an approach to resource provisioning policy selection considering the characteristics of maintenance and considering life cycle cost is both absent and would be of benefit. The development of a system dynamics approach integrated with life cycle costing algorithms has been pursued. The results have been tested on 3 case studies to determine the suitability and accuracy of a new combined system dynamics simulation and the life cycle cost model.