A Bayesian Decision Model for a Deteriorating Repairable System

열화시스템의 수리를 위한 베이지안 의사결정 모형의 개발

  • Kim, Taeksang (Department of Industrial Engineering, Hanyang University) ;
  • Ahn, Suneung (Department of Information and Industrial Engineering, Hanyang University)
  • 김택상 (한양대학교 산업공학과) ;
  • 안선응 (한양대학교 정보경영공학과)
  • Published : 2006.06.30

Abstract

This paper presents the development of a decision model to examine the optimal repair action for a deteriorating system. In order to make a reasonable decision, it is necessary to perform an analysis of the uncertainties embedded in deterioration and to evaluate the repair actions based on the expected future cost. Focusing on the power law failure model, the uncertainties related to deterioration are analyzed based on the Bayesian approach. In addition, we develop a decision model for the optimal repair action by applying a repair cost function. A case study is given to illustrate a decision-making process by analyzing the loss incurred due to deterioration.

Keywords

References

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