3. Selection criteria
The selection criteria can be defined as the qualities, skills, and abilities of a system/approach/strategy, which can
perform the given task effectively. These are used for identification of the right strategy. In the present study, 11
criteria have been taken into account to evaluate five maintenance policies. Brief descriptions of all these criteria are
given as follows:
(1) Capital cost: This is a very important factor. It describes the fixed cost, i.e. it defines the initial set-up cost to
implement a maintenance policy. It is given a crisp value. For example, FBM requires a very small set-up
initially, but TPM needs a large set-up such as various monitoring systems, various repairing systems, and
training of personnel, before actual implementation.
(2) Running cost: This is also another very important factor. It defines the variable cost to implement the policy
accurately. It includes various components such as operator cost, repairing cost, downtime cost, etc. It is
provided in a crisp value.
3. Selection criteria
The selection criteria can be defined as the qualities, skills, and abilities of a system/approach/strategy, which can
perform the given task effectively. These are used for identification of the right strategy. In the present study, 11
criteria have been taken into account to evaluate five maintenance policies. Brief descriptions of all these criteria are
given as follows:
(1) Capital cost: This is a very important factor. It describes the fixed cost, i.e. it defines the initial set-up cost to
implement a maintenance policy. It is given a crisp value. For example, FBM requires a very small set-up
initially, but TPM needs a large set-up such as various monitoring systems, various repairing systems, and
training of personnel, before actual implementation.
(2) Running cost: This is also another very important factor. It defines the variable cost to implement the policy
accurately. It includes various components such as operator cost, repairing cost, downtime cost, etc. It is
provided in a crisp value.
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