Probabilistic Performance Reliabiilty-Cost Tradeoff for Maintenance Strategy

Maintenance strategies are typically implemented by optimizing only the cost whilst the reliability of facility performance is neglected. This study proposes a novel algorithm using multi-objective particle swarm optimization (MOPSO) technique to evaluate the cost-reliability tradeoff in a flexible maintenance strategy based on non-dominant solutions. Moreover, a probabilistic model for regression parameters is employed to assess reliability-based performance. A numerical example of a highway pavement project is illustrated to demonstrate the efficacy of the proposed MOPSO algorithms. The analytical results show that the proposed approach can help decision makers to optimize roadway maintenance plans.