An optimal condition-based maintenance policy for a degrading system subject to the competing risks of soft and hard failure

@article{Tang2015AnOC,
  title={An optimal condition-based maintenance policy for a degrading system subject to the competing risks of soft and hard failure},
  author={Diyin Tang and Jinsong Yu and Xiongzi Chen and Viliam Makis},
  journal={Computers & Industrial Engineering},
  year={2015},
  volume={83},
  pages={100-110}
}
Dependent failure modes and a periodically inspected system are considered.The degrading system is described by an age- and state-dependent degradation model.A CBM policy with a failure rate-based control limit is proposed.An effective computational algorithm in the SMDP framework is developed to optimize the proposed maintenance policy.The proposed CBM policy benefits over traditional policies are demonstrated. The paper considers a maintenance problem in the presence of competing risks (soft… CONTINUE READING

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