Comprehensive long term maintenance contracts are a recent trend in equipment industries. At the same time increasing environmental concerns and high prices for raw materials stress the importance of remanufacturing activities. Hence, maintenance contracts often result in remanufacturing of some...

Capital assets, such as manufacturing equipment, require maintenance to remain functioning. Maintenance can be performed when a component breaks down and needs replacement (i.e., corrective maintenance), or the maintenance and part replacement can be performed preventively. Preventive...