“…However, generally these are the phases that receive most attention, and where most of the (maintenance) optimization efforts are spend (even though only 35% of the costs can then still be influenced). The relatively new discipline of 'design for maintenance' (see for example Mulder (2016)) tries to address this deficiency. Relatedly, while a large literature exists on the estimation of the remaining useful life (see for example the review by Si et al (2011)) and asset replacement decision making (refer to Das and Sarmah (2010) for a review), little attention has been spent on the last life cycle phase of the assets life: disposal & recycling.…”