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 language | English |
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Title of host publication | Proceedings of 12th International Conference on Applications of Statistics and Probability in Civil Engineering |
Editors | Terje Haukaas |
Number of pages | 8 |
Publisher | Civil Engineering Risk and Reliability Association |
Publication date | 2015 |
Article number | 207 |
DOIs | |
Publication status | Published - 2015 |
Event | ICASP12: 12th International Conference on Applications of Statistics and Probability in Civil Engineering - Vancouver, Canada Duration: 12 Jul 2015 → 15 Jul 2015 Conference number: 12 |
Conference
Conference | ICASP12 |
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Number | 12 |
Country/Territory | Canada |
City | Vancouver |
Period | 12/07/2015 → 15/07/2015 |
Keywords
- Risk-based Decision Making
- Deteioration
- POMDP