2011
DOI: 10.1007/s10479-011-1013-1
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A Bayesian model and numerical algorithm for CBM availability maximization

Abstract: In this paper, we consider an availability maximization problem for a partially observable system subject to random failure. System deterioration is described by a hidden, continuous-time homogeneous Markov process. While the system is operational, multivariate observations that are stochastically related to the system state are sampled through condition monitoring at discrete time points. The objective is to design an optimal multivariate Bayesian control chart that maximizes the long-run expected average ava… Show more

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Cited by 10 publications
(2 citation statements)
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“…However, this assumption is no longer valid when the system state is monitored at discrete times, which is the usual practice. Recently, Kim et al (2011);Jiang et al (2012); Kim and Makis (2013) developed a condition based maintenance model with two failure modes. One common assumption in these papers is that the sudden failure can only occur after completing the sojourn time in the healthy state with a fixed probability.…”
Section: Introductionmentioning
confidence: 99%
“…However, this assumption is no longer valid when the system state is monitored at discrete times, which is the usual practice. Recently, Kim et al (2011);Jiang et al (2012); Kim and Makis (2013) developed a condition based maintenance model with two failure modes. One common assumption in these papers is that the sudden failure can only occur after completing the sojourn time in the healthy state with a fixed probability.…”
Section: Introductionmentioning
confidence: 99%
“…Among the studies of repairable systems, Markov models (e.g. Ridder 2005;Jiang et al 2012) hold a considerably important position. Markov repairable systems have been widely used in reliability theory and practice, such as by Cui and Li (2004).…”
mentioning
confidence: 99%