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- W121327854 abstract "This paper discusses the problem of the optimization of maintenance threshold and inspection period for a continuously deteriorating system with the influence of covariates. The deterioration is modeled by an increasing stochastic process. The process of covariates is assumed to be a temporally homogeneous finite-state Markov chain. A model similar to the proportional hazards model is used to represent the influence of the covariates. Parametric estimators of the unknown parameters are obtained by using Least Square Method. The optimal maintenance threshold and the optimal inspection interval are derived to minimize the expected average cost. Comparisons of the expected average costs under different conditions of covariates and different maintenance policies are given by numerical results of Monte Carlo simulation." @default.
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- W121327854 date "2009-01-01" @default.
- W121327854 modified "2023-09-28" @default.
- W121327854 title "Maintenance policy for deteriorating system with explanatory variables" @default.
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