Optimisation of maintenance policy under parameter uncertainty using portfolio theory
(2016)
Journal Article
Wu, S., Coolen, F., & Liu, B. (2017). Optimisation of maintenance policy under parameter uncertainty using portfolio theory. IISE Transactions, 49(7), 711-721. https://doi.org/10.1080/24725854.2016.1267881
In reliability mathematics, optimisation of maintenance policy is derived based on reliability indexes such as the reliability or its derivatives (e.g., the cumulative failure intensity or the renewal function) and the associated cost information. Th... Read More about Optimisation of maintenance policy under parameter uncertainty using portfolio theory.