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Optimization of design and maintenance strategy for enhanced availability and life cycle cost efficiency: A combinatorial approach using multi-objective optimization and discrete event simulation

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Proceedings of the Institution of Mechanical Engineers, Part O: Journal of Risk and Reliability

Published online on

Abstract

Proceedings of the Institution of Mechanical Engineers, Part O: Journal of Risk and Reliability, Ahead of Print.
In today’s competitive industrial environment, maximizing the Operational Availability (OA) of complex systems while minimizing their Life Cycle Cost (LCC) is a key challenge. This paper proposes an innovative methodology that jointly integrates design ...