Abstract
Manufacturing firms face great pressure to reduce downtime as well as maintenance costs. Condition-based maintenance (CBM) can be used to effectively manage operations and maintenance by monitoring detailed machine health information. CBM policies and the development of the mathematical models have been growing recently. This paper provides a review of the theoretical and practical development in the field of condition-based maintenance and its current advancements. Standard CBM platform could make it effective and efficient in implementation and performance improvement.