Traditionally, gas turbine power plant preventive maintenance schedules are set with constant intervals based on recommendations from the equipment suppliers. Preventive maintenance is based on fleet-wide experience as a guideline as long as individual unit experience is not available. In reality, the operating conditions for each gas turbine may vary from site to site and from unit to unit. Furthermore, the gas turbine is a repairable deteriorating system, and preventive maintenance usually restores only part of its performance. This suggests a gas turbine needs more frequent inspection and maintenance as it ages. A unit-specific sequential preventive maintenance approach is therefore needed for gas turbine power plant preventive maintenance scheduling. Traditionally, the optimization criteria for preventive maintenance scheduling is usually cost based. However, in the deregulated electric power market, a profit-based optimization approach is expected to be more effective than the cost-based approach. In such an approach, power plant performance, reliability, and the market dynamics are considered in a joint fashion. In this paper, a novel idea that economic factors drive maintenance frequency and expense to more frequent repairs and greater expense as equipment ages is introduced, and a profit-based unit-specific sequential preventive maintenance scheduling methodology is developed. To demonstrate the feasibility of the proposed approach, a conceptual level study is performed using a base load combined cycle power plant with a single gas turbine unit.

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