publication . Article . 2013

Obsolescence Risk Assessment Process Best Practice

F J Romero Rojo; Rajkumar Roy; S Kelly;
Open Access
  • Published: 22 Jan 2013 Journal: Journal of Physics: Conference Series, volume 364, page 12,095 (eissn: 1742-6596, Copyright policy)
  • Publisher: IOP Publishing
  • Country: United Kingdom
Abstract
A component becomes obsolete when it is no longer available from the original manufacturer to the original specification. In long-lifecycle projects, obsolescence has become a major problem as it prevents the maintenance of the system. This is the reason why obsolescence management is now an essential part of the product support activities in sectors such as defence, aerospace, nuclear and railway; where systems need to be supported for several decades. The obsolescence risk assessment for the Bill of Materials is a paramount activity in order to manage obsolescence proactively and cost-effectively. This is the reason why it was necessary to undertake a benchmar...
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Subjects
free text keywords: Risk analysis (engineering), Operations management, Key factors, Aerospace, business.industry, business, Obsolescence, Very high risk, Risk assessment, Engineering, Best practice, Bill of materials, Benchmarking
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