Optimal replacement in the proportional hazards model and its applications in a product-service system

@inproceedings{Wu2015OptimalRI,
  title={Optimal replacement in the proportional hazards model and its applications in a product-service system},
  author={Xiang Wu},
  year={2015}
}
Condition-based maintenance is rapidly gaining favor as a way to prevent the failures of capital-intensive assets and to maintain them in good operating condition with minimum cost. A valuable and increasingly prevalent way to incorporate condition information into risk estimation is by the proportional hazards model (PHM), which explicitly includes both the age and the condition information in the calculation of the hazard function. This dissertation consists of three papers, in which the… CONTINUE READING