This work deals with the reliability and maintenance of structures that are damaged by shocks arriving randomly in time. The degradation is modeled as a cumulative stochastic point process. Previous studies mostly adopted expected cost rate criterion for optimizing the maintenance policies, which ignores practical implications of discounting of maintenance cost over the life cycle of the system. Therefore, detailed analysis of expected discounted cost criterion has been done, which provides a more realistic basis for optimizing the maintenance. Examples of maintenance policies combining preventive maintenance with age-based replacement are analyzed. Derivation for general cases involving preventive maintenance damage level have been discussed. Specific cases are also considered.
Stochastic Renewal Process Model for Condition Based Maintenance
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This work deals with the reliability and maintenance of structures that are damaged by shocks arriving randomly in time. The degradation is modeled as a cumulative stochastic point process. Previous studies mostly adopted expected cost rate criterion for optimizing the maintenance policies, which ignores practical implications of discounting of maintenance cost over the life cycle of the system. Therefore, detailed analysis of expected discounted cost criterion has been done, which provides a more realistic basis for optimizing the maintenance. Examples of maintenance policies combining preventive maintenance with age-based replacement are analyzed. Derivation for general cases involving preventive maintenance damage level have been discussed. Specific cases are also considered.
Our daily lives can be maintained by the high-technology systems. Computer systems are typical examples of such systems. We can enjoy our modern lives by using many computer systems. Much more...
Condition-based monitoring is an accepted feature of many industries: petro-chemical, power generation, coal mining and steel-making, for instance. In manufacturing, its application has been ...
Stochastic Processes and Models provides a concise and lucid introduction to simple stochastic processes and models. Including numerous exercises, problems and solutions, it covers the key concepts...
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