Abstract:PurposeThis paper models the deterioration process of a multi-component system. Each deterioration process is modelled by the Wiener process. The purposes of this paper are to address these issues and consider the cost process based on the multi-component system.Design/methodology/approachCondition-based Maintenance is a method for reducing the probability of system failures as well as the operating cost. Nowadays, a system is composed of multiple components. If the deteriorating process of each component can … Show more
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