Gilbert Haddad

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—This work proposes a new economic approach that can form a cost-benefit-risk basis for optimum decision making for systems with prognostic capabilities, and a method to assess the value of PHM for its user after a prognostic indication. PHM potentially enables performance based logistics, condition-based maintenance, and reduced life cycle cost. When an(More)
This paper provides an optimization model based on Real Options (RO) and stochastic dynamic programming for the availability maximization of an offshore wind farm with prognostic capabilities. Alternative energy sources such as offshore wind turbines are promising technologies, but they are capital intensive projects, and the economics of the project depend(More)
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