Risk-Based Decision Making for Deterioration Processes Using POMDP

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7 Citations (Scopus)

Abstract

This paper proposes a method for risk-based decision making for maintenance of deteriorating components, based on the partially observable Markov decision process (POMDP). Unlike most methods, the decision polices do not need to be stationary and can vary according to seasons and near the end of the lifetime. The approach is demonstrated through two examples, and the total expected costs are similar to those of another efficient method.
Original languageEnglish
Title of host publicationProceedings of 12th International Conference on Applications of Statistics and Probability in Civil Engineering
EditorsTerje Haukaas
Number of pages8
PublisherCivil Engineering Risk and Reliability Association
Publication date2015
Article number207
DOIs
Publication statusPublished - 2015
EventICASP12: 12th International Conference on Applications of Statistics and Probability in Civil Engineering - Vancouver, Canada
Duration: 12 Jul 201515 Jul 2015
Conference number: 12

Conference

ConferenceICASP12
Number12
Country/TerritoryCanada
CityVancouver
Period12/07/201515/07/2015

Keywords

  • Risk-based Decision Making
  • Deteioration
  • POMDP

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