Using the life-cycle model with value thinking for managing an industrial maintenance network

The objective of this article is to create a general life-cycle model for maintenance decision making in different industries at the item level. The need for network-level tools will increase, as inter-organisational collaboration is emphasised more and more. Previous life-cycle models have mostly viewed the matter from the perspective of just one company, but our model takes the different members of maintenance networks into account. We have also integrated value thinking with life-cycle accounting, as it is crucial for companies to perceive which elements increase the value of each member in their network. The value-based life-cycle model introduced in this article has been mainly developed to support the future planning of maintenance operations. In addition, it can be designed how additional value can be reached through future maintenance and how this value can be equitably shared between the network partners.