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- W4205123910 abstract "Abstract To ensure that a system or structure performs its required functions (including safety), maintenance should be performed on a regular basis. To optimize maintenance, information about the time to failure and/or the deteriorating condition is needed. Unfortunately, there is often a lot of uncertainty involved in the applied deterioration process. Mathematical models can be used to account for the stochastic nature of deterioration over time. This article reviews two approaches in modeling deterioration: the actuarial approach based on the notion of failure rate and the physical approach based on the notion of failure due to the stress exceeding the strength. Candidates for stochastic deterioration models are finite‐state Markov processes and Markov processes with independent increments (e.g., gamma process, compound Poisson process, and Brownian motion with drift)." @default.
- W4205123910 created "2022-01-26" @default.
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- W4205123910 date "2007-12-14" @default.
- W4205123910 modified "2023-10-12" @default.
- W4205123910 title "Stochastic Deterioration" @default.
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- W4205123910 doi "https://doi.org/10.1002/9780470061572.eqr062" @default.
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