2007
DOI: 10.1007/bf02916283
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Economic-based design of engineering systems with degrading components using probabilistic loss of quality

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Cited by 13 publications
(3 citation statements)
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“…1 with components and interconnection models taken from [15]. A voltage supply v 1 acts as the input, and at the output an applied torque τ 15 models the load arising from some arbitrary connected subsystem.…”
Section: Case Studiesmentioning
confidence: 99%
“…1 with components and interconnection models taken from [15]. A voltage supply v 1 acts as the input, and at the output an applied torque τ 15 models the load arising from some arbitrary connected subsystem.…”
Section: Case Studiesmentioning
confidence: 99%
“…In this research, we use time-dependent reliability concepts associated with the so-called first-passage of non-repairable systems. Among its many applications, the approach can be used to reduce the lifecycle cost [3,4] or to set a schedule for preventive condition-based maintenance [5].…”
Section: Introductionmentioning
confidence: 99%
“…Their model takes into account the time value of money for quality loss and product degradation over time. Son et al [10] presented an economic-based design of engineering systems using present worth as a measure of quality loss over time due to degradation. Peng et al [11] established an optimization model to perform the tolerance design of products with correlated characteristics by integrating the time value of money for quality loss and product degradation over time into the total cost function, and the optimal tolerances are achieved by minimizing the total cost, which is the sum of the manufacturing cost and the present worth of expected quality loss.…”
Section: Introductionmentioning
confidence: 99%