The Role of Condition-Based Maintenance in Minimizing Operational Costs

Abstract

Effective maintenance strategies play a crucial role in reducing costs and enhancing operational efficiency for organizations across various industries. This article presents a review of maintenance strategies aimed at achieving cost reduction objectives. By examining a wide range of research and industry practices, this study aims to identify key strategies and highlight their benefits, challenges, and potential applications. By consolidating existing knowledge and examining the latest trends, this article provides a handful resource for researchers, practitioners, and decision-makers seeking to optimize maintenance strategies for cost reduction. The insights presented in this article serve as a foundation for future research and practical applications in the pursuit of efficient and cost-effective maintenance operations.