Asian Journal of Social Sciences and Management Studies

Based on exploration criteria, the Phase-Out of an asset comprises the operation end of that asset. However, given the high cost of some assets, decision makers are faced by the dilemma of developing policies that allow them to extend the exploration period or find alternative scenarios for their use. With the aim of creating value, in terms of maintenance planning, this paper proposes a decision support model based on a multi-criteria approach, with the objective of selecting the best alternative. The proposed model analyzes the exploration extension scenario of an asset, identifying the actions necessary to guarantee its operational availability in relation to other alternative scenarios. The model developed was applied to the Alpha Jet fleet of the Portuguese Air Force, which is in Phase-Out period and will cease to operate in January 2018, and there is no definite decision for its use.