Modelling and characterisation of the obsolescence process Online publication date:: Tue, 13-Jul-2021
by A. Sánchez-Carralero; C. Armenta-Déu
International Journal of Product Lifecycle Management (IJPLM), Vol. 13, No. 2, 2021
Abstract: A simulation model is developed to analyse the obsolescence criteria leading to the replacement of a system. The process defines the global benefit as a combination of servicing benefits through the so called operative function and economic profit. Parameterisation of system performance is established based on specific characteristics of the technology used. The global benefit is simulated for the system operation time. A correction factor is introduced to determine the so called 'effective global benefit' which accounts for the profit above an operative threshold. The analysis of obsolescence uses statistical analysis based on Weibull distribution related to system reliability. Simulation shows the best options for optimum performance are intermediate time use of current system followed by short time use of new one, or vice versa. The 'effectiveness' in achieving the benefits provided by the new system reduces with the increase of benefits of new technology although global benefit is enhanced. The paper is also related to the reliability of the system through the mean time between failure (MTBF) parameter, defining a probability function that allows the user to know the probability of functioning for a system after some time of operation.
Online publication date:: Tue, 13-Jul-2021
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Product Lifecycle Management (IJPLM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email email@example.com