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1. A methodology for determining the Return on Investment associated with Prognostics and Health Management

Author

Feldman, Kiri, Jazouli, Taoufik, and Sandborn, Peter A.

Subjects
Rate of return -- Evaluation, Learning models (Stochastic processes) -- Usage, Maintenance -- Analysis, Return on investment, Business, Electronics, Electronics and electrical industries, Boeing 737 (Aircraft) -- Maintenance and repair
Abstract

A case study of a multifunctional display in a Boeing 737 airplane which uses a stochastic discrete event simulation model to determine the potential Return on Investment (ROI) resulting from Prognostics and Health Management (PHM) is presented. The methodology compares the life cycle costs of a system which employs unscheduled maintenance to those using a precursor to failure PHM method.

Published
2009

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