2014
DOI: 10.1016/j.ress.2013.09.012
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Application of reliability models with covariates in spare part prediction and optimization – A case study

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Cited by 70 publications
(60 citation statements)
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References 23 publications
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“…Barabadi et al [21] base their predictions on the statistics models of products' reliability, influenced by factors such as the means of management, maintenance policies, driver's skills, etc., while Lengu et al [22] propose to discard the supposition of normality in the time series and model the demand of the parts as Bernoulli processes, particularly in the Poisson distributions, taking advantage of the imminent nature of the spare-parts demand. Moon et al [23] decided to develop a selection model among the forecast methods, in order to predict the performance of each method when forecasting the demand for naval parts in South Korea.…”
Section: Spare-parts Demand Forecastingmentioning
confidence: 99%
“…Barabadi et al [21] base their predictions on the statistics models of products' reliability, influenced by factors such as the means of management, maintenance policies, driver's skills, etc., while Lengu et al [22] propose to discard the supposition of normality in the time series and model the demand of the parts as Bernoulli processes, particularly in the Poisson distributions, taking advantage of the imminent nature of the spare-parts demand. Moon et al [23] decided to develop a selection model among the forecast methods, in order to predict the performance of each method when forecasting the demand for naval parts in South Korea.…”
Section: Spare-parts Demand Forecastingmentioning
confidence: 99%
“…More generally, advanced PHMs have been proposed [15][16][17][18][19] to analyse the hazard rate behaviour in the presence of dynamically evolving covariates, such as the weather conditions, including changes in wind speed, occurrence of storms and lightning events, etc. [20][21][22]. Although these approaches seem attractive for their potential of providing more precise estimates of RAM, their application to practical Arctic offshore O&G case studies is still prevented from the lack of reliability and operating data for proper setting of the RAM models.…”
Section: Introductionmentioning
confidence: 99%
“…potentially irreversible ecological and physical process) (Neff et al 1987;Schaanning et al 2008). Therefore, to reduce the health, safety, and environmental (HSE) impact of the industrial activities such as oil and gas industry in the region, the need for high performance production facilities and systems is becoming imperative Barabadi et al 2014). As a result, production facilities are being designed incorporating non-traditional arrangements and unconventional technologies (Hassan et al 2012).…”
Section: Introductionmentioning
confidence: 99%
“…However, with the increased mechanisation and complexity in the production facilities, there is a rise in the number of component failure scenarios (Hassan et al 2012). Failure of components incurred downtime and unavailability of the system, which can cause substantial production losses and affect business performance (Gao et al 2010;Barabadi et al 2014).…”
Section: Introductionmentioning
confidence: 99%