2022
DOI: 10.1504/ijrs.2022.131458
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Prognostic model for reliability assessment of emergency shutdown valves used in oil & gas facility

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“…Further we do not utilize the information contain in a data point with larger jumps. The The maximum likelihood approach (MLE) approach is rather simple, and it should be noted that, e.g., estimation by utilizing Markov Chain Monte Carlo simulation has been proposed and used by e.g., Bladt and Sørensen (2009) and Laskowska et al (2023) in a similar situation.…”
Section: The Maximum Likelihood Approachmentioning
confidence: 99%
“…Further we do not utilize the information contain in a data point with larger jumps. The The maximum likelihood approach (MLE) approach is rather simple, and it should be noted that, e.g., estimation by utilizing Markov Chain Monte Carlo simulation has been proposed and used by e.g., Bladt and Sørensen (2009) and Laskowska et al (2023) in a similar situation.…”
Section: The Maximum Likelihood Approachmentioning
confidence: 99%